How Can IBM Maximo Help With Inventory Management?

Tired of your storeroom looking like a black hole for money? In this video, Matt Boehne reveals how IBM Maximo can transform your inventory management from a chaotic mess into a well-oiled machine. Don't let poor inventory practices drain your resources – discover how Maximo can help you take control and boost your bottom line.

#IBMMaximo #InventoryManagement #StoreroomOptimization #SparePartsManagement #CostSavings #PreventiveMaintenance #EquipmentFailure #Maximo #IBM #IndustrialMaintenance #AssetManagement

0:00 Introduction to Maximo and its benefits for inventory management
0:24 Common issues with outsourcing storeroom management
00:50 Importance of granular tracking and configuration in Maximo
1:27 Four key areas where Maximo adds value
1:39 Receiving new assets and associating parts with bills of materials
1:43 Challenges of matching parts with assets in service
2:05 Obsolete inventory and its costs
2:55 Importance of offloading obsolete inventory
3:48 Associating spare parts with assets via work orders
5:10 Cycle count functionality in Maximo
5:23 Types of cycle counts: blind, planned, random
5:37 Importance of blind counts for accurate inventory tracking
6:10 Identifying discrepancies and non-system inventory
6:30 Min-max values and economic order quantity
7:19 Benefits of min-max values for inventory control
7:33 Economic order quantity and its impact on cost savings
7:55 Conclusion

Want to learn if IBM Maximo is a fit for your organization? Complete a quick value assessment with us today and speak directly to one of our Maximo experts!

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[kidrolla]

I'm trying to print a material tag for a secondary location and can't seem to figure it out. The only solution at this time is changing the primary bin to the location we need printed. Is there a way to print a material tag for each location?