What is MRO in Procurement?
The best way to define MRO is maintenance, repair, and operations required for the smooth operation of the business activities. To better understand what MRO stands for, another definition has been provided, which specifies MRO as an expense undertaken for products and tools procured in an organization to keep the operations going.
Some expenses classified as MRO are computers, maintenance parts, cleaning materials, and office supplies. The significance of MRO is picking up rapidly as more businesses focus on boosting their savings by reducing the costs involved in everyday operations.
To reduce the chances of errors in MRO expenses, businesses are using the latest online platforms that help them keep the MRO costs in check and identify any hidden fees that can affect the feasibility of operations.
