2021 MRO Trends
As part of the drive to improve factory productivity, uptime and cost effectiveness, MRO is a key area on which manufacturers must focus. MRO — short for maintenance, repair and operations — impacts almost every area of the plant. It covers every component and piece of equipment that contributes to and supports the manufacturer of an end product.
As we look at MRO trends for 2021, it is clear that data-driven technologies are at the forefront of optimization plans for the future. MRO has long been an analog, manual process, prone to errors and inefficiencies. In this piece, we will look at the MRO industry trends that are bringing this critical part of the business in line with other digital advances that help personnel do their jobs more effectively and at a greater benefit to the bottom line.
Bringing MRO Into the Modern Day — 2021 Trends
Advancements in MRO can apply to nearly any area of the factory — the breadth of which can make improvements seem overwhelming or difficult to manage. To help narrow the field, we will focus on developments in three core areas: MRO parts repair trends, storeroom/inventory management trends and trends in supply chain management. These sections can make a major difference to your bottom line and are among the easiest to address.
The anticipated trends for 2021 are:
- Smart equipment technology to track performance and maintenance needs: Prior to the introduction and widespread use of sensors and smart equipment, maintenance followed a predictable routine: Preventive maintenance was carried out per manufacturer recommendations; parts were repaired when they broke down; and inventory managers tried to keep enough components on hand to meet maintenance needs.
As a result, numerous inefficiencies were introduced: Preventive maintenance meant that parts might be replaced earlier than necessary; reactive repairs led to excessive downtime; and inventory guesswork often led to too much stock or not enough. Now, as sensors become more accessible and inexpensive, manufacturers are better able to track equipment performance and maintenance needs, vastly reducing or eliminating the cost inefficiencies of outdated routines.
- Sensors in the storeroom: Sensor usage is no longer limited to the facility floor. By utilizing smart technology in the storeroom, managers are better able to track inventory and spare part locations. This means that parts are more often available and in the right place when needed — greatly reducing downtime. As sensor technology grows, communication among machines and inventory tracking is also possible, creating incredible potential for more accurate ordering and efficient storeroom usage.
- The supply chain connection: Digitization and smart technology produces vast amounts of data — informing the maintenance efficiencies that smart machines generate. That data can also be used to analyze supply chain performance, enabling manufacturers to provide more information to suppliers and develop true partnerships. This could result in benefits everywhere from pricing to turnaround time. It also allows managers to identify efficiencies in supplier selection and ordering.
- More data, and more ways to use it: As mentioned, data is at the heart of the digital revolution in manufacturing and MRO. As facilities see the benefits of sensors and implement more smart equipment throughout the facility, they should have access to even greater amounts of performance data. The upward curve of this technology promises that more innovation is on the way — expanding and increasing the benefits to all.
- A focus on flexibility: The COVID-19 pandemic threw inventory and supply chain inefficiencies into sharp relief, exposing flexibility deficits when shortages and shipping disruptions occurred. The need for agility is more apparent than ever, and digital technology — from data collection and tracking to supply chain analysis — is the most effective way to implement these changes and improvements.
The growing digital trend in manufacturing can be perplexing. How can processes that have been carried out the same way for so long be subject to change? The answer lies in the versatility of digital technology, and the vast benefits that it provides — which cannot be ignored.
Specifically, smart technology is not limited to new equipment. It is deceptively easy to retrofit data-collecting sensors to production equipment, as well as to MRO-specific areas such as the storeroom. This relatively easy implementation, combined with the vast benefits that the technology can produce, are two key reasons that it has taken hold. Between the two lies the more difficult challenge — collecting, analyzing and using data to take action.
ATS is an industry leader in manufacturing and maintenance technology, including MRO Asset Management solutions. We draw on our extensive expertise to help you implement a smart technology plan that’s right for you. For more information, contact us today.