Each season provides unique hazards and safety risks to workers and facilities alike. Previously we discussed the extreme risks tied to heat stress and its affect on worker productivity, but as the colder weather blows in so do new and unexpected risks, hazards, and necessary precautions.
When it comes to purchasing MRO for your facility, inadequate or inaccurate data can create spend chaos plagued by stock-outs and over-purchasing. Managing MRO inventory is critical to identify waste and recognize cost reductions as 70% of MRO spend is committed to MRO inventory.
On average, there are more heat related fatalities per year in the United States than any other weather event. There are even more heat-related illnesses. According to the National Weather Service, heat accounts for 130 victims per year, the only weather event to reach a triple digit 30-year average.
$500 billion is spent annually on MRO (maintenance, repair and operations) in the U.S, making MRO a target category for procurement to manage. Approximately 30% of MRO spend is on non-inventory industrial purchases; the other 70% is committed to MRO inventory.
At some point, everyone dreams of reaching perfection. Making the winning shot in a big game, exceeding an aggressive sales target set for the year, or having zero defects in a complicated production process.
As global trends in the Industrial Supplies and MRO space continue to shift, customers want more from their suppliers. Customers want more support, more ownership and more overall value.