For manufacturers operating multiple production sites, ensuring that inventories are optimized to minimize downtime and operating costs at the same time is a difficult balancing act. Often, data quality hinders exercises to extract analytics to improve performance of both these vital factors affecting asset performance
MachIQ gives you a view across inventories from all your plants and empowers you to make stock transfer decisions that can significantly cut cash-out and overall working capital allocation for MRO activities. Often, it is faster to transfer a critical spare part between your own plants than to order from suppliers. A second benefit is that you are able to easily identify orphan spare parts that no longer serve any of your equipment and can them to maintain leaner inventories.
For large groups with several large equipment suppliers, using MachIQ helps monitor spend on a per plant, per spare part category and per supplier basis. This information helps you achieve better outcomes for both sides. Our tools enable new relationship models with your suppliers, including Vendor Managed Inventories.