Importance of MRO
MRO is associated with maintenance, repair and overhaul of business’s assets and equipment that directly effects the performace and operation of a business. This makes MRO essential and of intense important for any business. However some of the basic importance of MRO has been highlighted below:
1. Safety Benefits: If MRO items which are safety related are serviced at regular intervals, it helps in maintaining safer work environment. Flaws and faults are uncovered through maintenance of assets and items before they can lead to workplace accidents. In this case, MRO keeps employees safe.
2. Improved Workflow: In longer run of business operations, machines and other equipment are prone to failure, break or malfunction spontaneously and lead to disruptions of workflow, which can affect productivity of the business. However, predictable wear and tear or minor flaws can often be identified and dealt with proper MRO and equipment management before they can lead to bigger problems. This reduces the downtime and ensures a smooth carrying of production process.
3. Financial Benefits: Prima facie Maintenance, repair, and operations may seem like additional costs and efforts, but the cost benefit ratio outweighs the time and money spent on MRO and MRO software. Not only does it helps to save time in the long run because downtime is reduced, but also helps to tackle down unexpected repair and the ensuing there prevention through regular maintenance. MRO management should focus on optimizing costs and maximizing the return on investment in maintenance activities. Moreover, MRO also helps to
4. Predictability: MRO can help make your production process much more predictable as it helps to anticipate scheduled repairs, maintenance appointments, and audits usually have a set date, and helps the companies to plan around and anticipate. It helps to modify the production process that is much less frequently interrupted by unexpected repairs. Planning will become easier and the process will be more efficient.
5. Optimum Utilization: MRO management aims to prevent unexpected equipment failures and breakdowns by proactively maintaining assets and repairing assets on time. This maximizes the productive use of equipment and increases the lifespan of the assets. Moreover, MRO also helps in reducing replacement costs and reduces capital expenditures of the business.