Bristol, PA (PRWEB) May 02, 2014
A study, commissioned by SDI, Inc. (SDI), releases new findings on the challenges and trends in maintenance, repair and operating (MRO) supply chain management. Independent market research organization IMTS conducted over 100 surveys by live interviews were conducted with executives from companies that spend over 5 million dollars in annual MRO.
The inefficiencies, costs, and barriers to improvement associated with MRO supply chain were made evident in the conclusions of IMTS’ study and point to a great opportunity.
“Competition in the manufacturing industry is fierce and opportunities are fleeting. From a commissioned national survey of over 100 manufacturing executives, we found that only 45% of companies felt they were efficient in managing MRO assets. Those respondents who aggressively and professionally manage MRO assets have a distinct market advantage in supporting and achieving their goals,” said Andy Cvitanov, Chief Executive Officer of SDI. “Best in class companies spend little to no time searching for, acquiring and managing critical parts for production. Supporting this type of efficiency is at the heart of SDI’s offerings.”
Of the companies surveyed, 59% agreed that it is important or very important to optimize supply chain management. However, 40% of the participants claimed that management of the MRO supply chain is not a core competency and 55% stated that they are less than efficient in managing their MRO supply chain.
The cost of the MRO supply chain is fairly high with over 40% of participants spending greater than 10% of their maintenance budget and down time on locating and acquiring MRO parts. Respondents further identified complexity of process as the biggest challenge to better practices in managing the MRO supply chain.
For more information about SDI please visit: http://www.SDI.com.
About SDI, Inc. (SDI)
Established in 1971 in Philadelphia, SDI is the recognized leader in MRO supply chain services in North America with programs at over 1200 facilities. SDI is a pure integrator, driven by a relentless focus on finding the best solution for our clients and our commitment to our partners is still the cornerstone of our business. SDI exists to help you optimize performance and meet goals by providing the hands-on expertise, technology and solutions that meet the demands of your business across your entire enterprise. For more information about SDI please visit: http://www.SDI.com.