Business, Management and Accounting
8 years ago

New study reveals impact of price indexes on MRO purchasing decisions.

Journal of Purchasing and Materials Management
Use of Price Indexes in MRO Buying
Patrick L. Hanafee

Paper Summary

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The article "Use of Price Indexes in MRO Buying" discusses how price indexes are used in purchasing maintenance, repair, and operations (MRO) supplies. The researchers explore how these indexes help buyers make informed decisions about when and where to purchase MRO items. The key findings suggest that using price indexes can lead to cost savings and better management of MRO procurement.