Tracking the costs of MRO goods

Source: PlantServices.com

Sep 16, 2010

Based on the results of the 2010 CAPS Research survey that measures the cost of a market basket of commonly purchased MRO goods, the total market basket costs are about 5% more this year than last. Costs associated with purchasing maintenance, repair and operating goods, commonly referred to as MRO goods, can account for a large percent of a company’s annual spend. The recently released 2010 market basket report looks at the average and median costs of 45 items, each of which is identified by a commonly referenced  part number. Although the costs are up for most of the items listed, more than 80% of the survey participants reported they purchased the items identified on the survey by name and unique part number rather than equivalent items. This is the third year in a row that has shown an increase in market basket’s total cost.

The market basket report reveals price differences and also identifies potential opportunities for cost savings. CAPS Research developed the MRO Market Basket of Goods based on input from a group of Fortune 500-size companies that recommended the market basket content.

The 2010 MRO Market Basket Report is available on the CAPS Research public website.

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