Let’s face it, MRO inventory is usually overbought and underinsured, costing millions. But organizations rarely do anything about it because they’re convinced their data just isn’t in a good enough place to make MRO optimization a priority. But perfect data doesn’t exist, it never will, no matter how many data cleanses you waste money on. Explore how AI is creating a new approach to MRO/indirect materials optimization and bridging the gap between procurement and operations teams, while breaking the stigma of having to have perfect data to get started. Learn how leading manufacturers have adopted an AI approach and have learned the secret that’s been hiding in plain sight. We’ll discuss topics such as: -Eliminating the need for lengthy and costly data cleanse projects -Increasing visibility of spend and price variances to reduce tail spend -Building confidence in your MRO inventory availability to ensure you will have the right part at the right time at the right place, at the right cost -Identifying millions in savings opportunities through inventory deduplication, revamped stocking policies, and network-sharing opportunities

The Supply Chain Now team was pleased to continue our “Stand Up & Sound Off” series, where we facilitate the sometimes difficult conversations that must be had in order for things to change. One other driving factor in this particular series is to create a global forum where our audience can actively participate & share their thoughts, insights & perspective. On July 15th, we were pleased to feature several guest panelists that shared their insights and perspective on some of the challenges that we face, both here in the U.S. and across the international community. As we all approach these challenges from different angles & from different levels of understanding, and as we work to solve these problems together – – it’s important to continue the dialogue and gain insights from others. Our primary objective with this event is to do just that: serve as facilitators for helpful dialogue and discourse.