Effective MRO Inventory Management: Strategies and Best Practices

Join Ryan Chan, CEO and Founder of UpKeep, as he delves into the world of M R O (Maintenance, Repair, and Overhaul) inventory management. This video is essential for maintenance and operations teams aiming to strike the perfect balance between having enough parts and managing resources.
In this video, we cover:
1. Calculating the ideal stock quantity
2. Understanding the concept of Replacement Asset Value (RAV)
3. Using Economic Order Quantity (EOQ) to minimize inventory costs
4. Best practices for maintaining organized and efficient M R O inventory
5. Comparing your inventory management practices to world-class standards
Visit our website at upkeep.com for more detailed resources and insights.