MRO Inventory Optimization Functional Essentials

The course explains how the product addresses the unique challenges of MRO (Maintenance, Repair, and Operations) in asset-intensive environments, explains the capabilities through which users can get an accurate, detailed picture of their MRO inventory performance, and discusses the primary Mathematical Models in the IBM MRO Inventory Optimization solution to balance costs and risks.

Syllabus

After completing the course, learners should be able to:

Discuss the various aspects of inventory management, including concepts, terminology, characteristics, issues, and benefits.
Outline the main features and capabilities of the MRO Inventory Optimization solution, which aims to improve inventory management for businesses.
Provide an overview of the user interface for the MRO Inventory Optimization solution.
Explain the mathematical models used in the MRO Inventory Optimization solution to balance costs and risks.