Mro Inventory Management: a Strategic Approach in Modern Manufacturing Environment

This book assists the manufacturing companies to avoid circumstances of having a substantial amount of working capital tied up in indirect materials, namely MRO Inventory. ?Padmanabha Matrix?, the MRO Inventory Management framework advices manufacturing companies on how to manage MRO Inventory using five major processes. It recommends the manufacturing companies to classify the MRO spare parts at every stage based on the process. The amalgamation of these processes that are developed in the framework is unique to this book and has not been defined or addressed within this context in any previous research. The decision chart that has been used in selection of Criticality, Lead time, Re-order point, Storage and Replenishment of spare parts can generate more than 600 decisions for just a single spare part. Over 3 Million decisions can be generated for a manufacturing company that has more than 5000 Stock Keeping Units. The framework, decision chart, and recommendations to small, medium and large manufacturing companies will steer organisations to have MRO inventory: of the Right Part, at the Right Time, in the Right Quantity, at the Right Location and at the Right Price.