MRO stands for “Maintenance, Repair & Operating” materials or supplies. It is an all-encompassing term that includes any type of product used in the process of running a business and keeping its operations running smoothly. These range from office supplies to specialized industrial tools, hardware and consumables. MRO supply procurement can be an overwhelming and complex process with many different components involved. But when done correctly, it can be an incredibly powerful tool for reducing costs and improving efficiency in your business. With the right measures in place, you can ensure that you have the necessary inventory on hand when needed, all while mitigating risk, protecting safety and lowering expenses.