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Glossary

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Circular Economy

A Circular Economy is an economic system that is designed to reduce waste and maximize the use of resources. It is based on the principles of sustainability, which emphasize the importance of preserving natural resources and minimizing environmental impact. The circular economy seeks to create a closed-loop system in which resources are reused, recycled, and repurposed, rather than being discarded or sent to landfills. This approach helps to reduce the need for new resources, reduce emissions, and create a more efficient and sustainable economy. It also encourages businesses to adopt more sustainable practices, such as using renewable energy sources and investing in green technologies.

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Our Blogs

With a quick Google search for “preventive maintenance software,” you’ll quickly find ...

23 Nov 2023

US manufacturing is making a coming back. McKinsey's research reported that, by ...

16 Nov 2023

Traditionally, maintenance tasks were often managed using paper-and-pen, relying on ...

15 Nov 2023

Maintenance, Repair, and Overhaul (MRO) ensures the optimal functioning and longevity of ...

10 Nov 2023

From manufacturing plants and healthcare facilities to transportation services, equipment ...

9 Nov 2023

As a maintenance professional, I've witnessed the incredible transformation our industry ...

6 Nov 2023

Maintenance and facility management functions are not just about preserving assets and ...

3 Nov 2023

There is much to consider when purchasing a Computerized Maintenance Management System ...

1 Nov 2023

Introduction Despite the growth in the Computerized Maintenance Management Software ...

26 Oct 2023

Facility management plays an important role in ensuring that organizations' ...

25 Oct 2023