Organizations face constant challenges in optimizing their MRO (Maintenance, Repair, and Operations) data. With vast amounts of capital invested across assets and sites, managing the risk of downtime becomes a crucial, yet often a neglected task. Optimization becomes impossible when trying to make sense of MRO/spare parts data, tangled in a web of fragmented teams, processes, and technology. And attempting to solve these problems with traditional approaches like data cleanses only results in sub-optimized inventory, temporarily clean data, and reactive maintenance strategies – which are not only costly but also a huge headache for procurement and operations teams. Join us as we explore how AI technologies remove data prerequisites, streamline MRO inventory data management, and unlock significant value for your end-to-end MRO inventory and material supply chain, with your data as is. In this session, we’ll discuss how to: Leverage data-driven insights by enhancing outdated processes and systems with purpose-built AI technologies Find million dollars savings hiding in your MRO, while also improving demand forecasting, streamlining tail spend, and enhancing criticality assessments Improve cross-department collaboration between maintenance, operations, and procurement teams to ensure a unified MRO management approach Boost operational efficiency to optimize criticality assessments, inventory management, minimize downtime, and…

ERPs are pivotal in streamlining operations; however, not all ERP solutions provide adequate inventory optimization functionality. SMBs need functionality that provides inventory visibility, automated processes to reduce excess stock and avoid stockouts, precise forecasting capabilities, and predictive analytics to minimize supply and demand risks. Customizing your ERP can lead to expensive challenges in the long term, especially when performing automatic upgrades. Consider using best-in-breed inventory solutions from Independent Software Vendors (ISVs) to enhance ERP functionality without unnecessary complexity, ensuring long-term adaptability and efficiency To balance inventory and costs, businesses need to understand what tools are fit for purpose to help achieve inventory optimization, financial success, and market competitiveness.   From this discussion, the audience will have a better understanding of: – The functionality of ERPs – How to assess if ERPs deliver on inventory goals and capabilities – Identify missing gaps for better inventory planning and optimization – What key features to prioritize when selecting an inventory add-on solution – Rearview vs front window when it comes to forecasting and risk in your ERP – How to measure ROI – how best-of-breed solutions like Netstock show ROI when integrated with an ERP