Inventory Management is a costly and complicated task for just about any Procurement team. This is often particularly true in the Maintenance, Repair, and Operations spend category. Despite the category's critical importance, many Procurement professionals still take a hands-off approach to managing their inventory. Dismissed as tactical, the category can quickly grow unmanageable and inefficient.

Addressing the category without the necessary attention, Procurement teams miss out on opportunities to realize their cost reduction goals. Worse still, many find themselves losing money and wasting time with inefficient processes.

Since 1992, Source One's cost reduction and Strategic Sourcing team have enabled clients to rethink their approach to MRO spend and inventory management. Check out their tips for cost reduction and long-term value in the category. 

Leveraging these best practices is the perfect way to implement a more strategic approach to MRO Inventory spend. Within time, your efforts will more than pay for themselves in the form of cost reduction, spend visibility, and process efficiency. Looking for some extra help? Reach out to the MRO spend optimization experts today.
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