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OnDemand Course

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.

88 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Course Overview

  • MRO Inventory Value Chain
  • MRO Terminology

MRO Inventory Value Chain - Scope, Impact and Leading Practices

  • Asset and Maintenance Strategy
  • Reliability/Maintenance Engineering
  • Procurement
  • Maintenance Planning
  • Inventory Management
  • Logistics Execution
  • Maintenance Execution

Case Studies

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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, New Hampshire, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on July 22, 2020.

Call 1-866-352-9540 for further credit information.

  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of A/V credit under the Law & Legal Procedure category.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Patrick Lee

Patrick Lee

EY-Parthenon

  • 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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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 407481
Published 2020
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