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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.

Our Blogs

Asset and inventory management are critical components of maintenance operations, ...

19 Apr 2024

Heavy equipment does the “heavy lifting” and supports operations for many businesses. ...

18 Apr 2024

Introduction There are no two ways about it. Acquiring a Computerized Maintenance ...

17 Apr 2024

Using one term interchangeably with a similar one is common and usually occurs without ...

16 Apr 2024

Computerized Maintenance Management Systems (CMMS) have emerged as indispensable tools ...

15 Apr 2024

The United States' research-performing universities and colleges have reported a ...

12 Apr 2024

Introduction Computerized maintenance management systems (CMMS) are increasingly ...

10 Apr 2024

Maintenance management has evolved into a sophisticated and complex range of skills over ...

9 Apr 2024

Introduction The world of maintenance operations continues to evolve in response to ...

27 Mar 2024

In recent years, Computerized Maintenance Management Systems (CMMS) and Enterprise Asset ...

26 Mar 2024