PetroArab has a proven track record of successfully sourcing maintenance, repair, and operations (MRO) spares over the past several years, OW has managed Millions of dollars in MRO spend for major Saudi companies in more than in every major industrial segment. MRO procurement is a challenge. It encompasses a wide, complex mix of highly technical products and specialized services.
Same Objectives, Different Priorities
We keep in mind that end users have different priorities other than achieving savings which is a priority of Material Management team and Managements.
End users typically have strong attachments to their MRO inventory with Just in Case mind set and to ensure safety, avoiding downtime and outages are the most crucial factors.
Management want to have high reliability but would like to have free cash flow and not end up in locking the cash in stockholding.
We are also aware of the challenges of sourcing MRO:
Spend Management is generally defined as the amount of money that an organization spends on purchases that make up approximately 80% of transactions but only 20% of total spend volume. Spend management affects and manages various activities across the procurement cycle. Making data-driven decisions around spend requires a clear understanding of spend categories, including direct, indirect, and tail spend.