Optimizing Critical Maintenance Spares and Materials Inventories for Asset-Intensive Industries
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Now available to all Oniqua Cloud customers!
Significantly Reduce Costs, Minimize Downtime and Improve Service Levels with Oniqua
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
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
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.
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.
Safety Stock Sharing
Reduce safety stock costs without compromising service levels
Oniqua Safety Stock helps you identify opportunities for safety stock sharing across a region. Oniqua can help you calculate shared safety stock value for every item held across multiple stores, minimize the amount of non-working capital sitting on the shelf as safety stock, analyze potential impact to service levels and costs with ‘before and after’ comparisons, accelerate inventory reduction by prioritizing recommended actions.
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?
Improve uptime, safety and reliability… while lowering costs
- Ensure uptime targets are met through greater materials availability
- Reduce operational costs
- Improve planning and forecasting capabilities
- Optimize inventory and supply chain out to sites
- Increase safety compliance
Achieve Greater MRO Supply Chain Efficiency
- Improve lead times
- Minimize risk by ensuring the right materials are available when needed
- Reduce stock-out costs
- Improve overall MRO supply chain efficiencies
- Achieve greater supplier performance
- Maximize supplier relationships