Materials Management Services

Do you really know how well you are managing your MRO Inventory? In our experience, from carrying many audits and training courses in MRO management, most companies manage spares very badly, resulting in many duplicates, lack of converting from OEM to OPM parts, and consequently, excess stocking levels and costs.

M2K offers the following Material Management Services:

• Material Categorization
• Material Data Cleansing and Enrichment
• SPIR / SPIL Review
• Material / Spares Physical Verification
• Inventory Optimisation
• Binning and Reconciliation

Material Categorization

Material Categorization is a process used to record each material item with all details such as specifications, standards and descriptions. Thus providing easy identification, developing appropriate buying descriptions, procuring when needed and avoiding inventory duplicates.

Material Data Cleansing and Improvement

M2K can codifying and format each MRO spare item as per international standards such as ECCMA, ISO 9008 with the help of a specialised proprietary tool MCAMS®. This package develops complete buying descriptions for each MRO spare.

SPIR / SPIL review (Spare Parts and Interchangeability Records /Lists)

The complete list of spares by vendor / supplier is reviewed for completeness and gaps in spares requirements identified. The data is used to develop spares interchangeability records / lists and quantify the numbers to stock, in order to build appropriate bills of materials.

Material / Spares Physical Verification

When material data documentation is unavailable or is unable to be identified, M2K can support in identifying the material items through physical verification methods. M2K personnel will be deployed at client warehouses to collect the necessary details and to identify and build appropriate material item data & descriptions.

Inventory Optimisation

Inventory Optimization analysis evaluates the inventory hold policy for each spare part associated with an asset. A structured review and analysis of the existing inventory policy, stock levels, service level requirement based on e.g. consumption pattern and maintenance strategy will identify the optimum purchase quantity and re-order time. The analysis will also take in to consideration the lead-time stock, safety stock and minimum level.

Binning and Reconciliation

Binning needs are developed or reviewed based on the material type, its storage requirements and the prevailing conditions.  Reconciliation activities can ascertain the availability of materials in warehouse bins & yards and its quantities. The reconciled data can be updated into client ERP systems.

Material Cataloguing Management System (MCAMS®)

MCAMS® is a structured material categorization web tool for developing and improving material buying descriptions. MCAMS® is an application to catalogue MRO items through an electronic verification (EV) process. MCAMS® improves the material data by generating complete buying descriptions.

MCAMS is supported by a wide variety of material reference catalogue data, industry standards, and technical value presentation guidelines to quickly populate the technical characteristics of any material item.

MCAMS® can be used for:

• Inventory reduction,
• Port inventory data to any CMMS/ERP,
• e-Procurement advantage,
• Easy-to-search data builder for CMMS/ERP items,
• Material duplicates resolution.