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Best Practices for MRO Purchasing

 

Understand the factors that will enable you to successfully deploy MRO leading practices.

MRO is essential to maintaining effective operations and can represent a sizeable portion of the annual budget but is often considered less important and relies on local facility leadership for support. Many organizations also do not understand why MRO management includes upstream activities such as strategy development because focus is mainly on cost; as a result, while many MRO initiatives deliver short-term results, benefits are often not sustained. This topic helps people participating in MRO decisions to first understand the end-to-end MRO inventory value stream. For many companies, MRO decisions are made in a silo, so it is also important to know who else potentially may need to be involved. The material then conducts a deep dive on each part of the value stream so stakeholders can decide what could/should be implemented. As can be expected with any business transformation requiring change management, some of the leading practices will take longer to implement; a common error is companies do not place the proper expectations on the timing and complexity involved, so we will also talk about key success factors to implementing leading practices.

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Best Practices for MRO Purchasing

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Best Practices for MRO Purchasing

Faculty

Patrick Lee

Patrick Lee

Ernst & Young LLP

  • Managing director in Ernst & Young LLP’s Working Capital Advisory Services based in the Atlanta, GA office
  • EY’s Working Capital Advisory Services helps companies unlock cash from operations across order to cash (accounts receivable), forecast to fulfill (inventory), procure to pay (accounts payable) and non-trade working capital by identifying root causes (strategy, people, process, technology) and implementing solutions
  • 20+ years of supply chain and operations experience across industry and consulting with deep expertise in business transformation, analytics, process improvement and working capital
  • Professional experience covers a diverse set of industries, including aerospace and defense, automotive, chemical, consumer products, food processing, industrial manufacturing, life sciences, metals and mining, and retail
  • Began professional career with Michelin Tire Corporation in manufacturing with roles in machine design, process engineering, quality control and project management
  • MRO specific experience include new capital equipment installations, manufacturing equipment modifications, production operations, maintenance planning, strategic sourcing and inventory modeling
  • Regularly conduct trainings and speak at seminars on working capital topics
  • M.B.A. degree, Goizueta Business School, Emory University; B.S. degree in mechanical engineering, North Carolina State University
  • Can be contacted at 404-641-7428 or [email protected]
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Best Practices for MRO Purchasing

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