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Live Webinar

90-minute live streaming program
  • February 21
  • 1:00 - 2:30 pm EST

Swamps, Alligators & MRO: Techniques for a Complex Spend Category

February 21

Learn seven innovative strategies to improve operational performance while also reducing costs in MRO.

Many supply management organizations desire to deeply impact organizational spending and supplier performance. Maintenance, Repair & Operations (MRO) is a spend category that has eaten many procurement professionals. Even the best supply management leaders find it challenging to add strategic value to this category. Too many procurement groups are unable to gain internal customer cooperation in strategically and proactively involving them in their MRO expenditures. Early involvement by procurement in sourcing typically achieves 10% - 17% in cost benefits. But late (or no) involvement typically reduces achieved savings to 0% to 5%. This topic will impart seven innovative strategies to improve operational performance while also reducing costs in MRO.

Learning Objectives

  • You will be able to discuss MRO intelligently with operations, maintenance, and engineering.
  • You will be able to describe how to attack MRO in a strategic way which creates new opportunities for savings.
  • You will be able to identify ways to surmount corporate cultural challenges to proactive procurement involvement.
  • You will be able to explain how to transform internal customer relationships and provide outstanding value in the eyes of executive management.

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Why Lorman?

Over 33 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

Facts About MRO
  • Key Aspects of Maintenance, Repair and Operations
  • Every Organization Has MRO – What Rocks to Look Under?
  • Three Important Sub-Categories of MRO
The Swamp of MRO
  • Why Is MRO so Messy?
  • More MRO Complications
7 Keys to MRO Success
  • Choosing the Right Supply Model
  • Innovative Ways to Get Visibility Into Spend and Inventory
  • Where to Invest Attention Wisely
  • Early Capital Procurement Involvement
  • Total Cost of Ownership Logic
  • Become Remarkable by Being Standard
  • Save More by Buying Less
  • Make Savings Stick With Technology
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Why Lorman?

Over 33 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

Live Webinar Registration

  • CPIM/CFPIM/CSCP 1.0
     
  • This program may qualify for 1.0 certification maintenance points toward the CSCP, CPIM and CLTD designations through The Association for Operations Management.
     
  • ISM 1.5
     
  • Participants who successfully complete this program will receive 1.5 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     
  • CPE 1.8 including Production 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Production for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Specialized Knowledge and Applications for 1.5 hours.
     

Who should attend?

This live webinar is designed for purchasing and procurement professionals, buyers, material managers, contract administrators, project managers, controllers, accountants and bookkeepers.

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Why Lorman?

Over 33 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

Mark J. Trowbridge, CPSM, C.P.M., MCIPS

Mark J. Trowbridge, CPSM, C.P.M., MCIPS

Strategic Procurement Solutions, LLC

  • Principal in the office of Strategic Procurement Solutions, LLC, a provider of advanced supply management advisory, skills diagnostic, and professional development services
  • Past career roles in manufacturing (3rd largest global manufacturer of yachts), transportation (world’s largest airline), and financial services (domestic 2nd largest and global 13th largest banking enterprise)
  • 20 years in consulting supporting clients like Apple, Intel, Adobe Systems, Delphi, Kraft Foods, Johnson & Johnson, Hertz Corporation, Mitsubishi, State of Colorado, Volvo North America, Signet Jewelers (Kay, Jared, Zales), Limited Brands, Allstate, Commonwealth of Massachusetts, Nationwide, CarMax, Tupperware International, State of Maryland, Newmont Mining, Sephora, etc.
  • Practice emphasizes all aspects of procurement and supply management performance
  • Conducts regular seminars and workshops on numerous procurement category management, expert strategic sourcing, advanced procurement negotiations, best practices in inventory management, strategic contracting, and others
  • Written many articles in publications and information sites like Supply Chain Management Review, Inside Supply Management, eSide Supply Management, SpendMatters, and Modern Materials Management
  • Membership information includes Institute for Supply Management (ISM), National Contract Management Association (NCMA), Chartered Institute of Purchasing & Supply (CIPS)
  • B.A. degree in business administration, Pepperdine University; holds professional designations as a CPSM and C.P.M. from the Institute of Supply Management (ISM) and MCIPS from the London Chartered Institute for Purchasing & Supply (CIPS)
  • Can be contacted at 209-419-1699, [email protected], or www.linkedin.com/in/mark-trowbridge-cpsm-c-p-m-mcips-24184b2a/
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Why Lorman?

Over 33 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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Product ID: 407024
Published 2020
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