Mro Software (NASDAQ:MROI)
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MRO Software Inc. (Nasdaq:MROI), 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, is improving Maintenance Repair and Operations (M-R-O)
inventory fill rates and slashing 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 capital."
According to John Cowan, 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 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 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, 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 at the Operations level. xIO delivers proven results in
refining, mining, food, transportation and automotive industries. 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,
Europe, Asia/Pacific and Latin America. 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.