As air fleets age worldwide, the importance of maintenance, repair, and overhaul (MRO) services has become the primary focus for defense and aerospace manufacturers. Aircraft manufacturers and OEMs are witnessing a paradigm shift from products to services, creating new revenue streams via value-added services for use in maintenance activities. MRO solution providers are aiding these manufacturers in achieving the transformation from being a product-centric to a service-centric organization.
Business process improvements, inventory management, and spare parts forecasting are the key aspects of MRO solutions, which are increasingly sought after by the aerospace and defense sectors. As capital-intensive industries heavily rely on equipment availability, failures resulting in disruptions lead to erosion of reputation and significant financial losses. These industries therefore demand high levels of quality from the operators or suppliers of maintenance, repair, and overhaul services.
Fact.MR delivers valuable intelligence and in-depth analysis on conflicting objectives of MRO providers, and steps taken by them to offset key challenges such as rapid response to sudden change in demand trends. Strategic partnerships between companies aiding the implementation, successful harmonization, and up-gradation of MRO solutions and MRO solution providers that offer fleet optimization and health monitoring services are becoming increasingly palpable. MRO service providers are implementing supply chain optimization and robust decision making platforms to enhance their operations, curtail expenses, and improve productivity and service levels.