Integrated Parts Management Description
IPM is an end-to-end, parts management program that aligns and integrates with your Facilities Management (FM) strategy, enabling you to address and optimize the 20-30% of your annual FM budget that is often neglected. For any multi-site facilities management organization, the cost of FM parts and supplies can amount to between 20-30% of their total FM budget, but this is only part of the story. Inefficiencies in the parts & materials supply chain and buying process result in technicians spending anywhere from 25-40% of their “wrench time” driving to, shopping for, or in some other way waiting for parts – a huge chunk of the budget.
The connected digital supply chain approach to parts management:
Improves end-to-end data transparency and workflow visibility for improved control and predictability in demand
Improves maintenance productivity and wrench time by as much as 20%
Decreases total cost of ownership of the supply chain of parts and materials critical to maintaining revenue-generating assets, facilities, and plants by more than 10%
Both in-sourced and third-party technicians can now leverage the digital supply chain to locate and purchase FM parts and materials for both preventive and reactive maintenance.
The connected digital supply chain approach to parts management:
Improves end-to-end data transparency and workflow visibility for improved control and predictability in demand
Improves maintenance productivity and wrench time by as much as 20%
Decreases total cost of ownership of the supply chain of parts and materials critical to maintaining revenue-generating assets, facilities, and plants by more than 10%
Both in-sourced and third-party technicians can now leverage the digital supply chain to locate and purchase FM parts and materials for both preventive and reactive maintenance.
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