Subject area: Materials Data Management Solution
When was the last time you checked how much of the data in your in-house spare parts catalog is incorrect?
By incorrect I mean wrong or out of date description, part number, supplier details and so on.
Recently I saw a report indicating that in the average catalog nearly 1 in 3 items contain incorrect data.
As a result, as many as 1 in 4 workorders require manual intervention – directly due to this bad data.
That is a lot of time, effort, and frustration for your team members.
What I am really wondering about is: who out there has ‘kicked the can down the road’ with respect to a materials data management solution?
I mean, it is easy to do right? The team keeps muddling through and in any case you are already busy with other stuff.
The problem is that accurate material data is a fundamental requisite for effective spare parts management.
Without accurate data you cannot properly optimize your inventory, you risk costly procurement mistakes, and you risk extended downtime due to stock outs.
Getting this right is a ‘no brainer’.
If implementing a materials data management solution is a concern for you, I have a solution.
Please contact me to discuss how I can help you get this right.
Keep on improving!
Posted by Phillip Slater