Understand the factors that will enable you to successfully deploy MRO leading practices.
MRO is essential to maintaining effective operations and can represent a sizeable portion of the annual budget but is often considered less important and relies on local facility leadership for support. Many organizations also do not understand why MRO management includes upstream activities such as strategy development because focus is mainly on cost; as a result, while many MRO initiatives deliver short-term results, benefits are often not sustained. This topic helps people participating in MRO decisions to first understand the end-to-end MRO inventory value stream. For many companies, MRO decisions are made in a silo, so it is also important to know who else potentially may need to be involved. The material then conducts a deep dive on each part of the value stream so stakeholders can decide what could/should be implemented. As can be expected with any business transformation requiring change management, some of the leading practices will take longer to implement; a common error is companies do not place the proper expectations on the timing and complexity involved, so we will also talk about key success factors to implementing leading practices.
Agenda
Faculty
Patrick Lee
EY-Parthenon
- Managing director in Ernst & Young LLP’s Working Capital Advisory Services based in the Atlanta, GA office
- EY’s Working Capital Advisory Services helps companies unlock cash from operations across order to cash (accounts receivable), forecast to fulfill (inventory), procure to pay (accounts payable) and non-trade working capital by identifying root causes (strategy, people, process, technology) and implementing solutions
- 20+ years of supply chain and operations experience across industry and consulting with deep expertise in business transformation, analytics, process improvement and working capital
- Professional experience covers a diverse set of industries, including aerospace and defense, automotive, chemical, consumer products, food processing, industrial manufacturing, life sciences, metals and mining, and retail
- Began professional career with Michelin Tire Corporation in manufacturing with roles in machine design, process engineering, quality control and project management
- MRO specific experience include new capital equipment installations, manufacturing equipment modifications, production operations, maintenance planning, strategic sourcing and inventory modeling
- Regularly conduct trainings and speak at seminars on working capital topics
- M.B.A. degree, Goizueta Business School, Emory University; B.S. degree in mechanical engineering, North Carolina State University
- Can be contacted at 404-641-7428 or [email protected]
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- Live Webinars
- OnDemand Webinars
- MP3 Downloads
- Course Manuals
- Audio Recordings*
- Executive Reports
- White Papers and Articles
- Sponsored Live Webinars
Additional benefits include:
- State Specific Credit Tracker
- Members Only Newsletter
- All-Access Pass Course Concierge
* For audio recordings you only pay shipping
Questions? Call 877-296-2169 to speak with a real person.
More Program Information
Access to all training products $699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
