ATLANTA and DENVER, March 27,
2017 /PRNewswire/ -- Oniqua Intelligent MRO, a leading
provider of maintenance spares and materials inventory optimization
solutions for asset-intensive organizations, and ScottMadden, Inc.,
a general management consulting firm, today announced the launch of
a global, cross-industry benchmarking survey focused on
illuminating the landscape and challenges of inventory management
and optimization. The survey will target supply chain and
maintenance professionals in several industries, including electric
and gas utilities; mining, metals processing, and fabrication; oil,
gas, and petrochemicals; and suppliers/support services to these
industries.
"We understand from current experience and past benchmarking
surveys that asset-intensive companies continue to struggle with
optimizing their inventories, which includes having the right
critical maintenance spares and materials in the right numbers, at
the right location, at the right time, and at the right cost," said
Steve Herrmann, Executive Vice
President, Sales and Marketing, Oniqua. "This is a tall order for
any business but especially challenging in the high-stakes
industries of our clients. For asset-intensive companies, there
simply isn't room to get this wrong. Poor service levels to
maintenance organizations can have negative, even disastrous,
effects on operations."
The 2017 Inventory Optimization Survey will build on the lessons
gleaned from the last cross-industry benchmarking survey published
by Oniqua and ScottMadden in 2013. From that analysis, the two
companies discovered that most respondents named inventory
optimization as an important or critical issue for senior
management.
However, when asked about their primary performance metrics for
measuring the optimization of their inventory, respondents' answers
ranged greatly (from average stock-out duration to inventory turns
ratio to line fill rate). This finding demonstrates that while most
asset-intensive industry professionals agree that effective
inventory optimization is a major goal, not everyone agrees on the
best way to achieve it.
"We are going into this survey armed with a good understanding
of asset-intensive inventory management, grounded in the results of
our last global survey. This knowledge is informing how we
structure our questions, how we target our industries and capture
responses, and ultimately how we analyze our data," said Andy
Flores, partner and supply chain practice leader at ScottMadden.
"We're eager to offer fresh insights because we hope better
information and analysis will ultimately help to move the needle
when it comes to improving on the status quo."
The new survey will examine several topics related to inventory
management and optimization, including:
- Overarching views on the inventory landscape
- Key challenges and opportunities in inventory optimization
- Best practices in inventory management
- Inventory visibility levels and segmentation
- Processes for managing stocking levels
- Safety stock level determination
- Tools used to optimize inventory levels
- Practices that integrate materials and asset management
"Industry leaders need new, relevant, and informative data to
improve their strategic approach. Benchmarking data from industry
peers is something our customers seek on a regular basis. When it
comes to mastering the science of inventory optimization, learning
from others faced with similar challenges will translate to better
results," said Herrmann.
Individuals managing inventories in the utilities, mining, oil
and gas, and manufacturing industries—as well as those who supply
and serve those industries—are invited and encouraged to
participate in the survey. All respondents will receive a set of
survey results free of charge. Click here to participate or visit
http://bit.ly/2nQOnjd.
About ScottMadden, Inc.
ScottMadden is the management
consulting firm that does what it takes to get it done right. Our
practice areas include Energy, Clean Tech & Sustainability,
Corporate & Shared Services, and Grid Transformation. We
deliver a broad array of consulting services ranging from strategic
planning through implementation across many industries, business
units, and functions. To learn more, visit www.scottmadden.com |
Twitter | Facebook | LinkedIn
About Oniqua
Oniqua provides Intelligent MRO (maintenance, repair and
operations) capabilities that are transforming the way Oil &
Gas, Mining, Utilities and Manufacturing companies manage their
capital-intensive assets. Our unique cloud-based offering combines
the world's most advanced MRO analytics technology with analyst
services, consulting, master data cleansing and industry expertise
to optimize the performance of materials management and operations
& maintenance activities. Oniqua does the "heavy lifting" on
behalf of customers so they can achieve rapid benefits in the form
of reduced waste and costs, minimized risks, greater efficiencies
and smarter decisions across their MRO operations. Oniqua is proud
to serve many of the world's largest energy and resources
companies, including ConocoPhillips, BP, Occidental (OXY), ADMA,
BHP Billiton, Tennessee Valley Authority (TVA), American Electric
Power (AEP), Nebraska Public Power District, Rio Tinto, Newmont
Mining, Xstrata, and Freeport McMoRan and many others. To learn
more, visit www.oniqua.com | LinkedIn
Oniqua is owned by international oilfield support services
company ASCO. The company employs more than 2,500 people in four
key regions, namely the Americas, Europe, Middle
East & Africa, and
Australasia. The company currently has sales in excess of
$1 billion. Through Oniqua and its
other businesses, ASCO offers a wide range of services, including
inventory and materials management, offshore supply base
management, onshore oilfield support, environmental services,
personnel and training, advisory and technical services, as well as
fuel services. ASCO's global headquarters is based in Aberdeen. To
learn more, visit www.ascoworld.com.
Media Contacts
ScottMadden, Inc.
Mary
Tew
Senior Marketing Specialist
919-714-7628
152095@email4pr.com
Oniqua
Alisson Moore
Director of Marketing
303-525-5994
152095@email4pr.com
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SOURCE Oniqua Intelligent MRO