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

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.

Runtime: 89 minutes
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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

MP3 Download

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

OnDemand Course

This course was last revised on February 21, 2020.

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

  • 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.
     

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

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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 procurement advisory, skills diagnostic, and professional development services; active advisor to leading corporations and governmental groups on contracting processes, templates, and risk management
  • 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); directed all contracts management for Bank of America globally
  • 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, Hertz Corporation, 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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