Technology Trends in MRO Inventory Management
Technological advances are changing the dynamics in level of MRO inventory management and data management has a distinct focus area for business unlike the traditional inventory management where data collection was considered to be a part of accounting procedure and data were only being used in financial statements. Though the material demand for the current year was based on the inventory data gathered, it was not accurate and could not help inefficient utilization of resources. However, recent technological advances have changed this scenario and the advances in technology in each level of MRO inventory management.
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