Stores Management – A goldmine waiting to be tapped

Maintenance workshops and plant stores generally don’t enjoy the best of reputations when it comes to efficiency, speed and cost effectiveness.  MCP has found that average scores for spare parts is around 55%.  Not good given that world class is at least 75%.  “You can think of your MRO (Maintenance, Repair and Operations) stores as a goldmine waiting to be tapped. You could save an invesment of £10,00 one hundred times over in just two years.  That’s around £1 million for a store issuing, say, £200,000 of parts per year.”

The good news is that generally plant managers don’t have to do a great deal to achieve this reward.  Read the full article for further details or find out on more (using our training calendar) on the next City and Guilds Accredited Spares and Materials Management Course.