MRO Data Excellence

Material Master Data Management

MRO Data Excellence, The big challenge for organizations is to maintain the quality of material master data over time in the material master data management. Due to multiple systems and lack of standard taxonomy defined across ERP, EAM, CMMS or MRP systems, supply chain stakeholders lose control over the sanctity of data. Very often, mergers and acquisitions add to the issue, by creating disparate systems within the organization, resulting in conflicting and incorrect materials data.

At OptimizeMRO, we provide end-to-end catalog creation and maintenance solutions, for Material and Vendor Master Cataloging. A golden database enables companies to reduce procurement costs, manage and optimize inventory levels, mitigate supply chain risks, implement reliable maintenance programs, improve material master data management services improve spend analytics – collectively leading to enhanced profitability.

The process of establishing a clean MRO database has multiple stages, each of which is crucial in establishing a reliable and sustainable data governance model.

A JOURNEY TO

MRO DATA EXCELLENCE

  • Data Audit

    1

  • Taxonomy Design

    2

  • Data Cleansing & Enrichment

    3
    • 5

      Crib Crawl

  • Data Governance

    4

As we work with clients across the globe, our services extend to languages beyond English such as French, German, Spanish and several other languages.

OptimizeMRO Data Services Enable Clients to:

  • Create and manage clean and up-to-date material master repositories, which serve as the backbone for Supply Chain, Procurement and Maintenance
  • Optimize the supplier base, to reduce Cost of purchasing and procurement, shipping cost and improve strategic sourcing relationships and maintain pricing rationalization.
  • Conduct Crib Crawl, Vendor Master Maintenance, Asset Register Cleanup and setup a Master Data Governance framework
  • Optimize the purchasing process through Integrated Procurement Support Process
  • Manage Indirect parts inventory to reduce Asset down time, reduce inventory carrying costs and improve Warehouse/Stores management
  • Improve control of Direct Materials, by optimizing Bills of Materials (BOM) Management and ensuring efficient procurement.
Data Audit

The MRO Data Audit Analysis is the first and very important step to assess a company’s data quality and it’s fitness for a given purpose.

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Data Cleansing & Enrichment

OptimizeMRO provides a wide range of MRO services such as MRO Data Cleansing and Enrichment to sectors such as Manufacturing, Mining, Oil & Gas, Food and Beverage, Energy, Pharma, and Chemical

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Data Taxonomy / Schema Design

Data quality is largely a factor of what rules have been defined for creating new records and what systems have been put in place for adherence to those rules.

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Data Classification

A well-designed MRO material master data classification will not only classify the items but will also provide information about the item’s part number, supplier, date of purchase, quantity on hand, and other pertinent information

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MRO Data Excellence FAQs

MRO Data Strategy, A golden MRO database, MRO Data Governance, and enhancing spend analytics are some of the key elements of MRO Data Excellence. We have all answers to your questions about Data Excellence.

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