Jun 12, 2017
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.
Vending, part of the on-site program Fastenal offers with Corporate United, 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 CU member you are able to realize further savings through core list management and rebate opportunities with the industrial supplies and MRO program.
Gain the visibility you need to impact the bottom-line at your operation with Corporate United's member exclusive Category Insight's Platform, a free reporting and visualization tool that will revolutionize how you manage your indirect spend with CU.
Matt Narens: Manager, Category Development at Corporate United
In his role at Corporate United Matt works with both CU members and supplier partners to ensure that the programs he manages are delivering maximum value. This includes everything from commercializing new offerings to conducting category lifecycle and supplier relationship management. His efforts are focused on minimizing the administrative burden and reducing the total cost of ownership related to indirect spend for Corporate United members. They also include aligning strategies with Corporate United’s supplier partners in order to best meet the needs of the market.