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Significantly Reduce Costs, Minimize Downtime and Improve Service Levels with Oniqua

One of World’s Largest Mining Companies

Value Delivered: Over 120 sites managed worldwide; $2.5 billion in inventory optimized

Leading Global Iron Ore Mining Company

Value Delivered: $7 million savings on $42 million of total spares inventory value

Oil and Gas “Supermajor”

Value Delivered: 10% reduction in MRO working capital in 6 months; lowered inventory levels by at least 10% three years in a row

Major North American Utility

Value Delivered: $25 million+ savings in inventory costs; significant improvement in service levels

Large North American Transit

Value Delivered: 20% reduction in inventory costs; 400% return on investment

Rapid Value Services

Achieve quick wins and significant savings across your MRO supply chain

Materials Level Optimization

Optimize stocking levels and spares reordering

Oniqua Materials Level Optimization allows you to consider key material characteristics and movement history to optimize stocking levels. Materials Level Optimization helps you align stocking level and reordering recommendations with your materials management strategy, and ensures not too many, and not too few, spare parts are available when needed.

Replace manual effort and inconsistent “gut feel” stocking level approaches with objective analysis to reduce costs, minimize downtime and improve service levels with this invaluable service.

Slow Moving Spares

Reduce costs associated with slow moving, high cost MRO spares

Slow Moving Spares helps you build a complete profile of current slow-moving inventory, analyze and review slow moving items to avoid excessive re-ordering, and accurately report on opportunities for inventory reduction.

We will also assist in identifying non-compliance with current materials management strategy for Insurance, Potential Obsolete and other types of spares.

It is all designed to help you drastically improve service levels for critical items.

Material Criticality

Avoid costly stock outs and prevent unplanned downtime

Oniqua Material Criticality determines the impact that each and every MRO spare under management has on your operations. Oniqua will work with you to assign and standardize “Business Impact” codes, determine optimal stocking levels for each item, achieve greater visibility of the impact stocking levels have on service levels based on criticality, and highlight risks and costs resulting from stock-outs or overstocking.

Set Initial Reorder Levels for New Materials

Deliver the right materials at the right time at the right cost

Setting initial reorder levels for new materials can be extremely challenging. Oniqua can help you accurately and objectively predict stock usage for new items, provide reordering recommendations aligned with materials management strategies, and determine reorder levels based on required service levels and economic order quantities.

In addition, we will help you set Min/Max values and ROP/ROQ for each material on a per item basis, as well as highlight inventory holding and purchasing costs before and after a stock reset.

Potential Obsolete Spares

Reduce costs by identifying useless spares

Oniqua Potential Obsolete Spares enables you to review and analyze materials on a per item basis to identify potentially obsolete spares. This service helps you generate reports of potential obsolete items by value, quantity, criticality, age, usage, site/equipment groupings, net effect on materials value and more.

In addition, Oniqua helps you embed a review process for potential obsolete items to maximize financial recovery to the business, determine potential risks and costs resulting from an overstocking situation, and achieve greater visibility of usage trends across equipment and suppliers to enable proactive management of materials.

Introducing Oniqua IQ™ Analytics

Oniqua takes reporting & dashboards to a whole new level

What's Your Role?

Key Industries we serve

News & Events

Oniqua in Forbes Magazine: Rise Of The Machines

Oniqua as "EAM/CMMS Booster": Plant Services Magazine

Resources

50% of Unplanned Downtime Due to Lack of Spares/Stock Outs

LNS Research: Leveraging MRO Inventory Optimization in Oil and Gas

Oniqua Quickly Uncovers Hidden Savings. Let Us Show You What You’re Missing