Ideal Setech’ s methods and systems operate so that our clients are able to maximize the value of their data that is being generated, analyzed and refined within the Ideal Setech Indirect Materials Management program. Our Performance Analytics system, the MRO Velocity Toolset, allows key decision-makers across your enterprise to easily view role-based dashboards, key performance indicators and exception reporting which provide operational awareness and tracks continuous improvement activity.
Ensuring that Indirect Material data is clean, accurate and consistent is a foundational requirement to enable meaningful and measurable total cost of ownership reduction initiatives. Using a proven combination of proprietary software, people and procedures, this service will cleanse, standardize and enhance raw client data, ensuring that the data is available in its most useful, consistent and structured format.
Ideal Setech understands the impact that item standardization has on improving cost, and seeks to employ strategies that leverage the value of standardization from the launch of new item set-up and continuing on until obsolescence. When items are described inaccurately or inconsistently, it becomes very difficult to search and locate items. This results in an increase in duplicate items, increased inventory, decreased turn rates, expedited freight, increased Mean Time to Repair (MTTR) and decreased operational efficiency.
Ideal Setech sees our first step in the item standardization process as improving part descriptions such as manufacturer and manufacturer part number, improved keyword string descriptions and enhanced product attribute descriptions. Using these common naming conventions, Ideal Setech can assist in more effective identification of potential duplicate items and potential functionally equivalent components. This dramatically reduces or eliminates non-standardized new part setups and allows for more effective use of existing inventories, greater spend visibility and more opportunity for effective standardization.