Optimizing Critical MRO Spares and Materials Inventories to Significantly Cut Costs & Minimize Unplanned Downtime
Value Delivered: Over 120 sites managed worldwide; $2.5 billion in inventory optimized
Value Delivered: $7 million savings on $42 million of total spares inventory value
Value Delivered: 10% reduction in MRO working capital in 6 months; lowered inventory levels by at least 10% three years in a row
Value Delivered: $25 million+ savings in inventory costs; significant improvement in service levels
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
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
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.
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
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
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™ Inventory
The next generation Inventory platform by industry leader Oniqua.
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