Your goal is to reduce maintenance costs, increase productivity, and improve throughput in your production environment. We can support your asset optimization needs with a dedicated, on-site resource that addresses your lifecycle management, repair processes and spare parts requirements, backed by industry-leading warranty coverage.
Asset+ Managed Service
Reduce Your MRO Spend By As Much As 25 Percent
An experienced, on-site asset management professional collaborates with your team to manage your repair process, improve reliability, and reduce inventory and obsolescence risk.
Your asset management professional will help you:
- Reduce maintenance, repair, and operations (MRO) costs through demand-management processes
- Manage and optimize spares
- Identify opportunities for standardization
- Help reduce common-mode failures
- Reduce the number of repairs
- Minimize repair turnaround time
- Gain access to reliability consulting
- Provide monthly and quarterly reporting on program performance, repairs, cost savings, and top items repaired
Asset+ Managed Service is a renewable contract with a flat managed service fee. Single-site, multi-site or enterprise options are available.
When you implement an MRO repair and inventory optimization solution, you will have access to monthly asset insights. Transactional and financial reports provide data on warranty management, asset tracking, mean time between failure (MTBF), and ROI reporting.
You’ll also receive an industry-leading warranty on the assets covered by your Asset+ Managed Service agreement:
- Four-year in-service warranty on all Allen-Bradley® product remanufacturing
- Three-year in-service warranty on other electrical automation equipment repairs
- One-year in-service warranty on other mechanical automation equipment repairs
Getting Started With Your Asset Management Plan
How to Reduce Unscheduled Downtime in Your Facility
To minimize unplanned downtime, you need to have a robust repair process and reliable spare parts available on your storeroom shelves. While on-site, we develop and implement a comprehensive repair process, enabling lifecycle tracking of your assets and capturing information about failures, repairs, warranty coverage, and more. Our program also includes an Installed Base Evaluation™ and a follow-up asset optimization consultation. We identify excess, inactive, and shortages of critical spares to assist you with inventory optimization solutions and help you manage the lifecycle of your installed base. You’ll also receive a plant hierarchy model tailored to your facility, using terminology and plant descriptions that makes sense to your team.
Your dedicated Asset+ Managed specialist helps you to:
- Create or improve standard operating procedures (SOPs)
- Identify risk and abnormal trends
- Identify the root cause of failures
- Drive issue resolution processes
- Improve asset optimization through ROI-based reporting
- Manage obsolescence
We collaborate with your existing strategic partners and OEM relationships. We also have experienced reliability engineers available to consult on your toughest reliability challenges, turning them into improvement opportunities.
With over 25 years of hands-on experience implementing asset management programs, we’ve helped unlock hundreds of millions of dollars in combined annual cost savings for our customers.
What is MRO Inventory Optimization?
MRO inventory optimization is the process of strategically managing maintenance, repair, and operation inventory to ensure that critical spare parts, tools, and supplies are available when needed, without tying up excessive capital in overstock. Effective MRO inventory management strikes a balance between availability and cost-efficiency, reducing downtime while preventing waste, stockouts, and unnecessary purchases.
Through MRO optimization, manufacturers analyze usage patterns, lead times, criticality of parts, and supplier performance to set accurate stocking levels and reorder points. This approach helps improve reliability, extend asset life, and support stronger MRO asset management practices.
Benefits of MRO Inventory Optimization
MRO inventory optimization and management come with a wide range of benefits for manufacturers. These include:
- Reduced Costs: By minimizing overstocking and eliminating obsolete parts, manufacturers free up working capital and cut storage expenses. MRO optimization also lowers emergency procurement costs by reducing last-minute orders.
- Improved Asset Reliability: Having the right spare parts on hand means that maintenance teams can respond quickly, reducing downtime and extending the lifespan of critical equipment, strengthening overall MRO asset management.
- Increased Efficiency: Streamlined processes allow maintenance staff to find and use parts faster, which accelerates repairs and improves productivity across operations.
- Better Forecasting and Planning: With the help of MRO inventory software, organizations can analyze demand trends, predict future needs, and set accurate reorder points, resulting in smarter, data-driven decisions.
- Less Waste and Obsolescence: Optimized stocking policies help prevent the accumulation of unused, expired, or obsolete items, which improves sustainability and reduces waste.
- Stronger Compliance and Risk Management: Accurate records of MRO supplies ensure that organizations meet industry regulations while avoiding costly downtime due to missing or non-compliant parts.
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