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Unlock 20% Savings on Your MRO Spend with ERIKS OnSite Solutions! 🌟 Struggling with inefficiencies in your MRO supply chain? ERIKS UK & Ireland OnSite integrated supply chain solutions can help you save up to 20% on your current MRO spend, freeing up valuable time and capital. Imagine your engineers spending less time sourcing parts, improved stock management reducing waste, and your purchasing team not bogged down sourcing MRO products. With ERIKS OnSite, you get a dedicated team at your site, taking care of vendor-managed inventory, MRO procurement, and full engineering stores management. This means enhanced control, valuable insights, better pricing, and optimised stores performance—all without the headaches. ERIKS understands the challenges faced by manufacturers, from stock write-offs to excessive sourcing times. Discover how our OnSite Solutions can transform your MRO operations ➡️ https://ow.ly/lhCp50Sk32r #ERIKSUK #SupplyChainSolutions #MROManagement #OperationalExcellence

Reducing MRO (Maintenance, Repair, and Operations) material costs is essential for operational efficiency. By partnering with SwedBrasil, companies can streamline their procurement processes, leveraging a global network of trusted suppliers. This not only cuts down on material costs but also optimizes delivery times and reduces long-term operational expenses. SwedBrasil's expertise ensures that your business has access to high-quality materials at competitive prices, driving overall cost savings and operational excellence. #CostReduction #MRO #SupplyChainOptimization #OperationalEfficiency #Procurement #BusinessGrowth #SwedBrasil

Reducing MRO (Maintenance, Repair, and Operations) material costs is essential for operational efficiency. By partnering with SwedBrasil, companies can streamline their procurement processes, leveraging a global network of trusted suppliers. This not only cuts down on material costs but also optimizes delivery times and reduces long-term operational expenses. SwedBrasil's expertise ensures that your business has access to high-quality materials at competitive prices, driving overall cost savings and operational excellence.   #CostReduction #MRO #SupplyChainOptimization #OperationalEfficiency #Procurement #BusinessGrowth #SwedBrasil

Is your MRO procurement inventory overflowing? 🧰🔧 It's time to turn those idle assets into cash! Introducing "Buy From Stock (BFS)", our new platform helps you offload excess MRO items and optimize your inventory. With BFS, you can: 1. Free up valuable storage space and reduce relevant costs 2. Improve cash flow 3. Minimise financial losses Don't let excess MRO stock hold you back. Join BFS today ! #MRO #inventorymanagement #supplychain #BFS #procurement #costcutting

Master Service Agreements can transform today's MRO landscape by providing stability, locking in prices, and signaling price changes before the buying cycle. By establishing clear terms and conditions upfront, buyers and suppliers gain a foundation for long-term collaboration and cost predictability, and a layer of protection for the buyer. Enter 👉 Panel: Increasing Stability, Safety, And Control Via Master Service Agreements with Brenda Wellwood, Sr Indirect Procurement Analyst, Blommer Chocolate Company. Gain insights, strategies, and best practices for effectively structuring and negotiating MSAs to enhance stability, safety, and planning capabilities, ultimately driving efficiency and mitigating risks. For more 🔗 https://bit.ly/3yQTiGV #ProcureCon #MRO #MROspend #procurement #sourcing

What is Tail Spend? Tail spend refers to the portion of a company's spending that is characterized by a large number of low-value transactions. These transactions are typically infrequent, decentralized, and often fall outside the scope of formal procurement processes. Tail spend items are usually non-strategic and include various indirect goods for RND, MRO, New Projects etc. While each individual transaction may seem insignificant on its own, collectively, tail spend can represent more than 80% of transactional cost. Want to know how we have supported local and foreign companies to manage their Tail Spend and how you could benefit from this shift? Reach out > hermes@hermesindustrial.supply

🛠️Optimizing MRO (Maintenance, Repair, and Operations) supply can significantly enhance operational efficiency. 🔩Start by implementing inventory optimization strategies to ensure you have the RIGHT PARTS, IN THE RIGHT PLACE, AT THE RIGHT TIME, reducing downtime and costs. $$$ ⚙️Additionally, consider developing progressive sourcing strategies with companies like #TIFCO to improve supplier relationships and negotiate better terms.

Time Efficiency ⏱️: Effective MRO management contributes to time savings. ✔️Automated inventory systems and streamlined procurement processes reduce the time spent on administrative tasks, allowing staff to focus on more strategic activities. ✔️A well-organized MRO supply chain minimizes downtime due to equipment failures or lack of necessary repair components.

Manufacturers, here’s how to unlock Cost Savings in 2024. 💰✨ As you plan for the rest of the year, consider a game-changing approach to your MRO procurement operation. With our unique Industrial Supply service, including our vast network of 25,000 global suppliers and our one-stop procurement shop, you gain access to unlimited MRO parts at the best price. Save not only on product costs but also on valuable time to reinvest in what matters most: your core business. Let's make 2024 the year of smart savings and simplified processes! 🌍🛠️ #CostSavings #ProcurementExcellence #MROSupply #TheICAdvantage

Is rogue spending affecting your bottom line? 💸 Production consumables and unplanned transportation costs are major culprits, often due to a lack of understanding of the procurement process. ERIKS UK & Ireland's MRO Supply Chain Report found that nearly 90% of rogue spending is related to MRO. Implementing stricter controls and educating teams can mitigate these issues 📊 Learn more about managing MRO spending effectively with the full report 👉 https://hubs.la/Q02K0wB00 #RogueSpending #MRO #Procurement #SupplyChain #Manufacturing #FinancialControl #ERIKS #LetsMakeIndustryWorkBetter