19 August 2010 | Angeline Albert
The cost to procurement teams of purchasing maintenance, repair and operating goods has gone up by 5 per cent this year, latest figures from CAPS Research have found.
Costs associated with purchasing MRO goods can account for a large percentage of a company’s annual spend. The study, which measures the cost of a market basket of commonly purchased maintenance, repair and operating goods (MRO), looks at the average and median costs of 45 items.
This is the third year in a row that has shown an increase in market basket’s total cost.
CAPS Research developed the MRO Market Basket of Goods based on input from a group of Fortune 500-size companies who recommended which items should be included. Among them are ball valves, florescent lamps, electric motors, ear plugs, latex Kevlar gloves, measuring tape, rope, and hair nets.
Click here and register to see the full list of items and prices.