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Glossary

Get Your Maintenance Management Terminology Down!

Inventory Management Software

Inventory Management Software can be a standalone software or a functionality within a CMMS Software that helps businesses track and manage their inventory. It is used to monitor stock levels, order and receive new items, and track spare part orders. It can also be used to generate reports, analyze trends, and forecast future demand. Inventory Management Software helps businesses optimize their inventory levels, reduce costs, and improve maintenance operations. It can also be used to automate processes such as ordering, receiving, and tracking inventory. It is instrumental for maintenance departments in that it ensures that parts and materials are avilable, can be ordered efficientlty and reduces equipment downtime.

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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