MRO Spares

MRO spare parts play an important role in maintaining the uninterrupted functioning of machinery and equipment. Proper classification of these spares is crucial for efficient inventory management, streamlined procurement processes, and enhanced maintenance efficiency. Miscategorising spares can lead to inefficiencies and increased downtime for an organisation. If you are looking for information on classification of MRO spares, here is a useful read:

1. Consumable spare parts: Consumable parts are integrated within the equipment and are typically replaced rather than repaired in the event of a failure. Usually, it’s more cost-efficient to replace such parts rather than trying to repair them.

Listed below are some of the common consumable spares:

a. Batteries - Batteries are widely used in various applications such as backup power systems, emergency lighting, and portable equipment. They need to be periodically replaced as they wear out or lose their ability to hold a charge effectively.

In the ever-changing landscape of MRO spares management, staying abreast of the latest trends is important. By remaining up-to-date with the latest trends in MRO spares management, businesses can improve efficiency, minimise costs, enhance inventory management, and make informed, data-driven decisions to ensure the availability of vital spare parts. If you are looking for information on the latest trends for MRO spare parts management, here is a useful read:

1.  Predictive analysis:  Predictive analytics plays an important role by enabling accurate demand forecasting. By analysing historical data, identifying patterns, and factoring in various variables, businesses can anticipate future requirements with greater precision. This proactive approach empowers decision-makers to optimise inventory levels, ensuring that critical spare parts are available when needed while minimising the risk of excessive stockpiling or stockouts. By accurately forecasting demand, businesses can streamline

Maintenance, repair and operating (MRO) spare parts play an important role in ensuring that production equipment and facilities continue to function smoothly. However, they can malfunction due to various reasons including poor quality, improper installation and improper storage. In this article, we will explore the common reasons why MRO spare parts may malfunction: 

1.  Poor quality:  Industrial MRO spares are prone to malfunction if they are made of poor quality materials. When manufacturers use inferior or substandard materials to produce spare parts, the resulting products are usually of poor quality, which can cause malfunctions. The probability of identifying faults and defects in spares increases when they are made using low-quality materials. 

2.  Improper handling: When MRO spares are handled by untrained staff, they can be damaged which can compromise the integrity and operational capacity of the industrial equipment. It can have severe consequences for a business, including

When it comes to inventory management, MRO stands for Maintenance, Repair and Operations. This inventory includes items such as spare parts, cleaning supplies, lubricants, safety equipment and tools to keep a business running smoothly. To effectively manage MRO inventory, it is important to maintain the right balance of stock levels, so that businesses do not run out of supplies while also minimising excess inventory and related expenses.

MRO inventory management can help ensure that machinery and equipment are maintained in good working condition, reducing the risk of accidents and injuries. Regular maintenance and repairs can help prevent equipment breakdowns, which can lead to accidents and production delays. Also, MRO inventory management ensures that the necessary safety equipment, such as personal protective equipment (PPE), is readily available. This can include helmets, gloves and other items needed to keep employees safe on the job site.

MRO (Maintenance, Repair, and Overhaul)

Stock obsolescence occurs when a company has an excess inventory of old or outdated products, particularly maintenance, repair, and operations (MRO) spare parts, that are no longer needed or wanted. Stock obsolescence can lead to increased storage costs and reduced profitability. If you are looking for information on stock obsolescence and MRO spare management, here is a useful read. As one of the  leading e-marketplaces for unused and genuine MRO spares, we share with you some useful insights: 

1.  Factors behind stock obsolescence: It can occur due to different factors such as:  

• Equipment upgrades
• Product discontinuation 
• Changes in technology 
• Changes in regulations
• Changes in customer demands

2.  Stock obsolescence can lead to excess stock: When an MRO part is no longer being manufactured by the original manufacturer, it can result in excess inventory and increased maintenance costs for companies that continue to use these parts. It can tie up a significant amount of valuable

In many businesses,  finding the right MRO supplies, negotiating prices, and managing deals are an important part of ensuring that business keeps operating smoothly. Buying MRO spares present businesses massive opportunities for growth, innovation, and at the same long-term strategic cost savings. Many businesses to maximize the value and cost savings turn to mjvaluemart, a multi-vendor platform, to buy unused and genuine MRO products from sellers with an excess inventory. Businesses can gain substantial and sustainable savings in comparison to the cost that they would pay if they were to buy MRO products from the Original Equipment Manufacturers (OEMs). 

If you are an MRO buyer, check out these products on our platform: 

Fasteners: In many industries, components of machinery and equipment are often joined using fasteners such as nuts, screws, bolts and rivets.  Though parts of machinery can be joined using alternative methods such as welding, soldering, brazing and gluing, they

The foundation of every successful business is a good idea and hard work. However, to continue to run a booming business needs continuous efforts. One such area that needs attention is inventory management. Proper inventory management is essential to the health of the business. Careful and smart inventory management lower inventory carrying costs and minimize the amount of stock that sits in the warehouses. Many companies embrace the 80/20 inventory rule to manage their MRO inventory. If you are wondering what the 80/20 inventory rule is and how you can implement it in your facility, you are on the right page. 

As one of the leading e-marketplaces for genuine and unused MRO spares, we share with you useful insights on the 80/20 inventory rule: 

It is based on the Pareto principle:  According to the Pareto principle, 80% of consequences come from 20% of causes. In other words, 80% of results come from 20% of efforts. In terms of inventory, this rule means that companies earn roughly

MRO stands for Maintenance, Repair, and Operations. The purpose of MRO inventory is to make sure the company will have spare parts, materials, and supplies available as and when needed. For this, the company needs inventory management. 

By managing inventory properly, companies can: 

• Reduce high acquisition costs 
• Avoid duplication order 
• Ensure better visibility of MROs 

As one of the leading e-marketplaces for genuine and unused MRO spares, we share with you useful insights on inventory management: 

Streamline MRO purchase: Without a unified MRO purchasing approach, companies will end up over-buying MRO products or will not be able to achieve economies of scale. For an effective MRO inventory management plan, companies need a centralized approach.  

Perform an audit: Performing an audit will determine whether all the required MRO inventory is already stocked or whether there is obsolete inventory that can be eliminated. It is also recommended to follow up with a regular physical

Inventory makes up for the maximum spending of a company.  Buying inventory is not just raising a purchase order. Rather it is about paying close attention to how much inventory companies should order and when to do it to reduce carrying and storage costs. A very important aspect of inventory management is negotiating good deals with MRO suppliers.  Negotiating deals is not picking the lowest quote but creating a situation that is a win-win for your company as well as suppliers. Negotiating good deals help you build better relationships and deliver good quality products at the end of the day. 

As one of the leading e-marketplaces for genuine and unused MRO spares, we share a few tips on how to negotiate better deals for MRO products:

Know your product requirements: As an MRO buyer, before you start negotiating or contacting suppliers, it is important that you are clear on your requirements. If you have more than one factory or industrial set-up, it is best to consolidate the order

Inventory is one of the most crucial aspects of any business. Inventory management techniques can make or break business. For small businesses, inventory management is all the more crucial as it allows them to save money and improve cash flow. An effective inventory management system allows small businesses to accurately track incoming and outgoing goods and provides real-time data that help make informed buying decisions. 

As one of the leading e-marketplaces for genuine and unused MRO spares, we share tips for small businesses to effectively manage MRO inventory: 

Choose a method that works for your business: When it comes to inventory management, there are many types of methods used across industries. One of the most common ones are FIFO and LIFO. The first-in-first-out (FIFO) strategy means the oldest inventory items are always the first to go. This means, the businesses will not be left dead stock. Under Last in, first-out (LIFO), the most recent products in the inventory gets sold