MRO inventory optimization with IBM's Mehtab Gilani
How to reduce costs and minimize asset downtime with the right inventory mix
With approximately 50 per cent of annual unscheduled asset downtime in the oil and gas industry attributed to the lack of spare parts and stock outs, Mehtab Gilani, Associate Partner – Chemical & Petroleum at IBM, shares how advanced analytics can be used to tackle maintenance repair and operations challenges.
Recorded at Asset Optimization in Oil & Gas: Online 2019, Gilani discusses:
- Why companies must avoid and manage risk while minimizing and optimizing cost and exceed performance.
- How to minimize inventory costs without compromising service levels and asset uptime to deliver true inventory optimization.
- How to attain a 50 per cent reduction in unplanned downtime through MRO inventory optimization and an average 30 per cent reduction in MRO inventory costs.