Managing the supply chain for maintenance, repair and operating (MRO) inventory is a critical capability in capital intensive enterprises. Ramco Asset Management includes deep functionality including warehouse management, inventory, procurement, contracts, disposal, and order management.

The warehousing capabilities provide the foundation for material movements such as material issue, material receipt, and material returns. It allows for costing methods and adjustments and integrates with Ramco Financials to record current inventory costs. The rule-based capabilities ensure ease of use in the warehouse while still maintaining critical information for accounting.

MRO inventory requires many of the same tools and capabilities needed for manufacturing inventory including planning and visibility, both at internal warehouse stock locations as well as at vendor and customer locations. Physical inventory and cycle counts are available for addressing inventory accuracy. Distribution management allows for bills of distribution as well as full DRP capabilities.

Procurement capabilities allow replenishment activities for the MRO Supply Chain for both capital and expense purchases. Full integration to Ramco Financials ensure that costs are recognized appropriately. The system also includes quotation and RFP process capabilities to receive bids from multiple suppliers.

Contract capabilities allow enterprises to outsource routine tasks to contractors to remain focused on core competencies.

Asset disposal allows companies to liquidate assets based on the depreciation schedule to maximize their residual value.

Order management includes the rich capabilities available for manufacturers delivered in the appropriate form for capital intensive businesses. Order management also includes real-time stock availability, multi-currency and rule-driven pricing.