Do the MRO trends of the 2004 Acres of Diamonds paper endure in 2025?
Procurement Insights
APRIL 18, 2025
In 2004, I wrote a paper called Acres of Diamonds, in which I first introduced the concept of two commodity characteristics: Dynamic Flux and Historic Flatline. Based on the input from the 1998 Agent-based RAM platform, which featured self-learning algorithms within a nascent AI framework, confirmed prior research indicated that Indirect Material MRO products were prone to much greater volatility over time than Direct Materials.
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