Paragon Results

MRO (Maintenance, Repair and Operation) procurement poses unique challenges, as it’s a fragmented industrial supply market that’s driven by historical buyer behavior and supplier relationships. As the area covers a significant number of products and materials, measurement and price validation; it can become challenging, especially if your supplier’s pricing methodologies are not transparent — and that is where Paragon’s MRO procurement strategy can assist you. MRO procurement might be one of the most important but most overlooked indirect spend categories within an organization. The Chartered Institute of Procurement and Supply defines MRO as any item that plays a part in restoring or maintaining a system or piece of equipment so that it can function in the required fashion. MRO is an indirect spend category because the items purchased under it are a necessary part of the production process but are not the final product. Most large companies have advanced procurement functions that br...