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Introducing Oniqua IQ Inventory

Delivering the most feature-rich set of MRO inventory
optimization capabilities in the industry

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Significantly Reduce Costs, Minimize Downtime
and Improve Service Levels with Oniqua

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power-and-water
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transocean
tennessee
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kinross

One of World’s Largest Mining Companies

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Value Delivered: Over 120 sites managed worldwide; $2.5 billion in inventory optimized

Leading Global Iron Ore Mining Company

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Value Delivered: $7 million savings on $42 million of total spares inventory value

Oil and Gas ❝Supermajor❞

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Value Delivered: 10% reduction in MRO working capital in 6 months; lowered inventory levels by at least 10% three years in a row

Major North American Utility

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Value Delivered: $25 million + savings in inventory costs; significant improvement in service levels

Large North American Transit

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Value Delivered: 20% reduction in inventory costs; 400% return on investment

More Customers

Introducing Oniqua IQ™ Inventory

The next generation Inventory platform by industry leader Oniqua.

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IQ Inventory

Oniqua IQ Inventory is an award-winning, cloud-based Inventory platform that combines sophisticated statistical analyses, prescriptive analytics and optimization algorithms to help users in asset-intensive industries improve margins, increase service levels and minimize unplanned downtime. Specifically designed for the unique challenges of MRO environments, IQ Inventory provides users with an accurate, detailed picture of their MRO inventory performance; and powerful capabilities to make informed decisions that balance cost and risk to optimize MRO inventories.

IQ Analytics

Oniqua IQ Inventory is an award-winning, cloud-based Inventory platform that combines sophisticated statistical analyses, prescriptive analytics and optimization algorithms to help users in asset-intensive industries improve margins, increase service levels and minimize unplanned downtime. Specifically designed for the unique challenges of MRO environments, IQ Inventory provides users with an accurate, detailed picture of their MRO inventory performance; and powerful capabilities to make informed decisions that balance cost and risk to optimize MRO inventories.

Professional Services

Oniqua IQ Inventory is an award-winning, cloud-based Inventory platform that combines sophisticated statistical analyses, prescriptive analytics and optimization algorithms to help users in asset-intensive industries improve margins, increase service levels and minimize unplanned downtime. Specifically designed for the unique challenges of MRO environments, IQ Inventory provides users with an accurate, detailed picture of their MRO inventory performance; and powerful capabilities to make informed decisions that balance cost and risk to optimize MRO inventories.

IQ Scoring

Oniqua IQ Inventory is an award-winning, cloud-based Inventory platform that combines sophisticated statistical analyses, prescriptive analytics and optimization algorithms to help users in asset-intensive industries improve margins, increase service levels and minimize unplanned downtime. Specifically designed for the unique challenges of MRO environments, IQ Inventory provides users with an accurate, detailed picture of their MRO inventory performance; and powerful capabilities to make informed decisions that balance cost and risk to optimize MRO inventories.

Achieve quick wins and significant savings across your MRO supply chain

  • Materials
    Level
    Optimization
  • Slow Moving
    Spares
  • Material
    Criticality
  • Set Initial
    Reorder Levels
    for New
    Materials
  • Potential
    Obsolete
    Spares
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Optimize stocking levels and spares reordering

Oniqua Materials Level Optimization allows you to consider key material characteristics and movement history to optimize stocking levels. Materials Level Optimization helps you align stocking level and reordering recommendations with your materials management strategy, and ensures not too many, and not too few, spare parts are available when needed.

Replace manual effort and inconsistent “gut feel” stocking level approaches with objective analysis to reduce costs, minimize downtime and improve service levels with this invaluable service.

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Reduce costs associated with slow moving, high cost MRO spares

Slow Moving Spares helps you build a complete profile of current slow-moving inventory, analyze and review slow moving items to avoid excessive re-ordering, and accurately report on opportunities for inventory reduction.

We will also assist in identifying non-compliance with current materials management strategy for Insurance, Potential Obsolete and other types of spares.

It is all designed to help you drastically improve service levels for critical items.

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Avoid costly stock outs and prevent unplanned downtime

Oniqua Material Criticality determines the impact that each and every MRO spare under management has on your operations. Oniqua will work with you to assign and standardize “Business Impact” codes, determine optimal stocking levels for each item, achieve greater visibility of the impact stocking levels have on service levels based on criticality, and highlight risks and costs resulting from stock-outs or overstocking.

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Deliver the right materials at the right time at the right cost

Setting initial reorder levels for new materials can be extremely challenging. Oniqua can help you accurately and objectively predict stock usage for new items, provide reordering recommendations aligned with materials management strategies, and determine reorder levels based on required service levels and economic order quantities.

In addition, we will help you set Min/Max values and ROP/ROQ for each material on a per item basis, as well as highlight inventory holding and purchasing costs before and after a stock reset.

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Reduce costs by identifying useless spares

Oniqua Potential Obsolete Spares enables you to review and analyze materials on a per item basis to identify potentially obsolete spares. This service helps you generate reports of potential obsolete items by value, quantity, criticality, age, usage, site/equipment groupings, net effect on materials value and more.

In addition, Oniqua helps you embed a review process for potential obsolete items to maximize financial recovery to the business, determine potential risks and costs resulting from an overstocking situation, and achieve greater visibility of usage trends across equipment and suppliers to enable proactive management of materials.

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What’s Your Role?

Manager
Manager
Manager
Manager
Prev Next

Maintenance/Reliability Manager

Maximize uptime through greater availability

Avoid production downtime
Get costs under control
Optimize preventive maintenance schedules
Improve safety and compliance
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Vice President of Operations

Improve uptime, safety and reliability… while lowering costs

Improve planning and forecasting capabilities
Increase safety compliance
Optimize inventory and supply chain out to sites
Reduce operational costs
Ensure uptime targets are met through greater materials availability
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Vice President of Supply Chain

Achieve Greater MRO Supply Chain Efficiency

Minimize risk by ensuring the right materials are available when needed
Reduce stock-out costs
Improve overall MRO supply chain efficiencies
Improve lead times
Achieve greater supplier performance
Maximize supplier relationships
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Materials Manager

Cut costs, save time

Achieve faster response to critical repair needs
Reduce stale inventory and bloat
Minimize costs related to inventory holdings
Attain 100% replenishment rates
Achieve greater visibility of stock overages, stock-outs, obsolete, safety and surplus stock
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News & Events

Rise Of The Machines

Oniqua in Forbes Magazine: Rise Of The Machines

Read
Plant Services

Oniqua as “EAM/CMMS Booster”: Plant Services

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Resources

Unplanned Downtime

50% of Unplanned Downtime Due to Lack of Spares/Stock Outs

Read Aberdeen Report
Leveraging MRO Inventory Optimization in Oil and Gas

LNS Research: Leveraging MRO Inventory Optimization in Oil and Gas

Download Analyst Report