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.
Informed buying decisions are possible when procurement has the necessary level of spend visibility, and allows your purchasing choices to be based off actual, meaningful data. Plus, understanding the opportunities to mitigate waste and stock-outs will help maximize MRO ROI.
Master your data management to drive supply chain excellence by reading this article highlighting the specific opportunities available in the industrial supplies and MRO marketplace.
100% Spend Visibility
Vending, part of the on-site program Fastenal offers with OMNIA Partners, provides advanced visibility into industrial inventory and MRO purchases. Customized reporting provides 100% visibility of consumable spend helping procurement identify waste and recognize areas where there is an opportunity for cost avoidance. As a member of OMNIA Partners you are able to realize further savings through core list management and rebate opportunities with the industrial supplies and MRO program.