Buy MRO supplies through Purchasing Platform E-Marketplace

Buy MRO supplies through Purchasing Platform E-Marketplace

What are the MRO Items?

MRO stands for Maintenance, Repair and Operation spares, it plays a great role in every industry and support in the production process along with maintenance works.

Difficulties of MRO Procurement

Sudden halt or repair of a machine/equipment in industries like cement, chemical, other utility firms and different varieties of industries face a huge amount of loss or production deficiency.

This happens because of the MRO spares that fault in that equipment/machinery, it is not easy to procure the spares immediately. It is a difficult task for the procurement department to get it. Price may be high, different spares want to be procured from a different supplier, it can’t procure and store in the inventory for a long time. All spares can’t match with all the machinery.This will put whole production on hold.

Additional to this an ineffective acquisition method that has too many stages within the purchase-to-pay method might produce extra prices. To solve all this strategy must be defined to procure MRO Spares.

MRO Procurement Strategy

To achieve the bottom line of a company its necessary to strategies the MRO procurement process. A lot of MRO products involve directly and indirectly in daily production work. According to the research, every industry spent twice the amount on MRO procurement than the production of machines or equipment’s.

Every production process depends on MRO items, which is more responsible for handling the inventory. Maintenance works in all types of industries wants the support of the MRO spares.

According to the survey of the Helicopter Association International, industries spend 45% on industry maintenance.

For making the strategic decision experts words are required, because it is not just a single time work.It makes great changes in production. For this experienced strategist are involved and make a start on it.Experts decisions and firms works shows the path to success of the MRO procurement strategy

Benefits of MRO Supplies from E-Marketplace

Procurement of MRO products through E-marketplace/Online Platform has lots of Benefits.

It can reduce the lead time, the buyer can’t get all spares from a single supplier and single location but E-marketplace breaks the scenario of this and helps the buyer to spot all MRO spares and get it from a single hub.

Much more benefits no need to wait in front of the store for a long time to get the products. Can get spares or the product directly to the place without waiting. Different Payment method helps in secure payment. Mostly it helps business to business people in every stage of their procurement.

Consider the alternative. Holding onto parts on your shelves will only lead to their continued depreciation and then taking up valuable shop space/warehouse. Lastly, something to remember if you are selling products on a liquidation marketplace is that you are foregoing a higher price/value that can yield for your products, for the speed of the sale. But then, if you have an online marketplace for MRO products buying and selling, it could be the right platform that you can just sell just not only your excess spare parts but also enable you to procure / source these unused parts online, adding value to your entire procurement management process.

Priyanka shankar, market research analyst also a business writer. Love to write about process industries, excess inventory, excess stock dealing etc..