How to Respond to Inventory Management Challenges Part 1 of 3
Storerooms in institutional and commercial facilities that I visit around the world have several things in common. In general, they are overstocked with inventory, understocked with critical items, plagued by undocumented use, disorganized, and short on space to efficiently store essential spare parts and equipment.
Outsourcing: KPIs Determine Success with Vendors- Part 3
Measuring vendor performance against KPIs is essential to outsourcing success. We’ve all heard the saying, “What gets measured gets done.” When it comes to vendor management, managers can use numerous KPIs to measure performance or service, from the cost of maintenance by internal or subcontractors to asset performance, asset reliability, quality and response time against SLAs. Among the KPIs managers should consider are these:
Outsourcing: How To Select the ‘Right’ Vendor – Part 2
Traditionally, price has been the sole factor managers considered in selecting contractors, but basing the decision on lowest cost will cost more. There are dozens of tools and ways to help managers decide which service provider to use, but one proven strategy for vendor evaluation is best value procurement (BVP), which looks at factors that include qualifications, expertise, schedule, quality, and performance-based criteria.
Outsourcing: Effective Vendor Management Strategies – Part 1
Managing contracted maintenance activities effectively and efficiently has always been a struggle for maintenance and engineering managers.
The MRO Dilemma: Major Time, Minor Spend
A universal situation in the world of the maintenance, repair and operations (MRO) supply chain is that managing the process consumes an inordinate amount of time from all plant departments. The MRO spend is only six to 10 percent of a plant’s total, but it absorbs 70 to 80 percent of all transactions and causes 50 percent of the emergencies affecting plant reliability.