Embracing Industry 4.0 McKinsey Global Institute has recently published some compelling material on the onset of “Industry 4.0”, or what many believe is the next Industrial Revolution. Their research and supporting theories envision a not-so-distant future where success in business is dependent upon an organisation’s ability to embrace digitisation as part of a widespread strategy. This idea (as illustrated in McKinsey’s Digital Compass ) paints a scenario where significant competitive advantages can be realised by those prepared to embrace digital business, much of which is underscored by things like automation, robotics, and machine-human collaboration. The alternative? Companies that fail to scale toward a digital future will be left in the dust by their competition. The McKinsey Digital Compass: Industry 4.0 Levers & 8 Main Value Drivers The Impact of MRO Data Quality For our customers, accurate Material Master Data helps them safely and reliably produce more with less.
Short on time? Click on the infographic below to take a closer look. If you are thinking about the quality of your MRO and Material Master Data and have considered taking steps to make improvements, this may provide a sensible starting place to commence your journey. If you would like to talk to us about your specific requirements, get in touch here. You may also find benefit in learning more about our software solutions or reading an in-depth whitepaper on how to build, govern and leverage high-quality MRO data. Either way, enjoy!
We are proud to announce that sparesFinder will be sponsoring the 2017 SAP-Centric Materials & Logistics Conference in Huntington Beach, California. The conference is scheduled to run between March 5-7, 2017 and is co-located with this year’s SAP-Centric EAM conference. In addition to sponsoring the conference, we will also be part of the speaking panel. On day 2 of the conference, sparesFinder’s Richard Neidert (SVP, Sales & Marketing) will be co-presenting a session on “MRO Material Master Data Standardization, Enrichment & Governance”. Richard will be joined by Ajay Venugopalan, SAP Business Lead, Saint-Gobain and Sagar Pawar, Purchasing Category Manager – MRO & Packaging, Saint-Gobain. If you would like to see the full panel of speakers, check out the conference agenda here. Also, to those living through the chill of winter, perhaps I should remind you that Huntington Beach can reach temperatures above 90° in March (not that it would have *any* bearing on your potential attendance).
Most of our prospective customers tell us that poor decision-making within their MRO organisation is rampant. What they don’t realise is that it is directly tied to their inability for their staff to access MRO-related data in a quick and reliable manner. Think about a maintenance engineer that has been given a work-order (from SAP Plant Maintenance, for example) that requires a, semi-monthly inspection on a safety-critical pump. While carrying out their assigned task, the engineer discovers that a replacement part is required to prevent a potential failure. With their laptop in hand, the engineer accesses their CMMS to locate the Bill of Materials (BoM) for the pump. Although they can locate the pump in question, there is no BoM information available. To try and locate the right part number, the engineer finds a similar pump in a different functional location that has a parts list available. After scrolling through a few pages of materials,