Maintenance, Repair
and Operating expenses. MRO is used to describe the goods
and services that a company purchases which are NOT used in
production or offered for resale. MRO purchases are generally
expensed at the time they are paid for, or capitalized as
an asset on the company's balance sheet. Typical MRO purchases
include office supplies, manufacturing supplies, computers
and miscellaneous services. Some companies use the term "MRO"
in a broader sense, including expenditures for temporary help,
plant equipment and advertising copy in the category. Source:
http://www.purchasingautomation.com. |