MRO Software and Xtivity Deliver MRO Inventory Cost Savings At Wescast; Recent Alliance Delivers Results For Wescast Industries.BEDFORD, Mass. & LONDON, ON, Canada -- MRO Software MRO Software, Inc. - formerly known as PSDI, was a software firm based in Bedford, Massachusetts, which published Maximo, the top-selling Enterprise Asset Management system in the market. Inc. (Nasdaq:MROI MROI Marketing Return On Investment MROI Magdalena Ridge Observatory Interferometer (New Mexico) MROI Marginal Return on Investment ), the leading provider of asset and service management solutions and Xtivity Inc. an industry leader in inventory optimization solutions announced that their joint solution has been successfully implemented at Wescast Industries Inc. Wescast, a premier tier-one manufacturer in the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. , is improving Maintenance Repair and Operations (M-R-O) inventory fill rates and slashing slash·ing adj. 1. Bitingly critical or satiric: slashing wit. 2. Dashing; pelting: a slashing hailstorm. 3. M-R-O inventory costs using the combined capabilities of Maximo Enterprise Suite and the xIO Inventory Optimizer (xIO(TM)) service from Xtivity. The xIO is available from MRO Software as an enhancement to its Maximo(R) Enterprise Suite asset and service management software. Bill Brophy, a member of Wescast's Materials and Procurement Team, is impressed with the results, saying, "We knew immediately that partnering with MRO Software would be a win for everyone. Wescast is proof positive as we are seeing a 10% increase in M-R-O fill rates and expect inventory investment to decrease by 16.5% over three years." As Brophy explains, these results were accurately predicted, in advance, through an analysis of his procurement data by Xtivity. "From very early on, we knew what our projected inventory savings and fill rate gains would be. We chose to have Xtivity crunch all the numbers for us. This allowed our team to see the positive impact of the service up front," he says. The xIO service examines a company's transactional inventory data and calculates the appropriate Order Point and Order Quantity for every line item in an M-R-O inventory, using a scientific approach with proven statistical methods. The service is particularly proficient in the management of critical spares. It maximizes fill rates, reduces total inventory cost and prevents the ongoing purchase of items that will become dead in the future. Brophy points to the xIO service's ability to immediately identify the movement of each line item as a major benefit for Wescast. "After implementing the new Order Point and Order Quantities provided by the xIO service, our excess and dead inventory items were identified," he says. "This will allow us to recoup recoup To sell an asset at a price sufficient to recover the original outlay or to offset a previous loss. capital." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. John Cowan John Cowan is a vocalist and bass player. He has a background in soul music and now performs progressive bluegrass. From 1974 until their final breakup in 1989, he was the lead vocalist and bass player of the New Grass Revival. , Xtivity's President, ease-of-use is a main benefit of the service among Maximo customers. "A client simply uploads Maximo data to the secure xIO online service, which resides outside their firewall. xIO examines every line item in the M-R-O inventory and returns optimized Order Points and Order Quantities," says Cowan. Joe Catalanotti, Sr. Alliances Manager at MRO Software added, "Today, customers like Wescast benefit from Maximo's ability to streamline parts and materials management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, across all asset classes. The interface between xIO and Maximo is seamless and can be automated. Using Xtivity's inventory analysis and optimization tools, our customers can also use existing Maximo inventory data to further calculate Order Points and Order Quantities that are reported directly into Maximo, so users can easily realize extended cost savings." The xIO service technology has been delivering measurable results in industry since 1996. The Xtivity - MRO Software alliance, which was announced late last year, reflects the growing demand for the complimentary value offered by the two company's flagship offerings; Xtivity's xIO and MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. Software's Maximo Enterprise Suite (MXES). About Xtivity: Services from Xtivity Inc. deliver hard cost savings in 90 days, while improving executive confidence in Operations decision-making. Xtivity's executive team includes experienced leaders in Maintenance, Repair and Operations Maintenance management or Maintenance, (MRO'), is fixing any sort of mechanical or electrical device should it become out of order or broken (repair) as well as performing the routine actions which keep the device in working order (maintenance) or prevent trouble , software development and best practice implementation. The Xtivity Inventory Optimizer (xIO(TM)) is the only service on the market proven to optimize MRO inventories - while offering unparalleled efficiencies and controls in corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. at the Operations level. xIO delivers proven results in refining, mining, food, transportation and automotive industries Automotive Industries, Ltd. (Hebrew: תעשיות רכב נצרת עלית, תע"ר . More information is found at www.xtivity.com. About MRO Software, Inc. MRO Software is the leading provider of asset and service management solutions. Maximo(R) Enterprise Suite, the Company's flagship solution, is delivered on a web-architected platform and increases productivity, optimizes asset performance, and service levels, reduces costs and enables asset-related sourcing and procurement across the entire spectrum of strategic assets. The Company's asset management solutions allow customers to manage the complete life cycle of strategic assets including: planning, procurement, deployment, tracking, maintenance and retirement. Using MRO Software's solutions, customers improve production reliability, labor efficiency, material optimization, software license compliance, lease management, warranty and service management across the asset base. MRO Software (Nasdaq: MROI) is a global company based in Bedford, Mass., with approximately 900 employees, and more than 300,000 end-users. The Company markets its products through a direct sales organization in combination with a network of international distributors. MRO Software has sales offices throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Asia/Pacific and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . Additional information on MRO Software can be found at www.mro.com. Maximo(R) is a registered trademark, and MXES(TM) and MRO Software(TM) are trademarks, of MRO Software, Inc. |
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