Just as homeowners are more likely to renovate their current homes rather than purchase
a new one when the economy is soft, so too are many manufacturers opting to maintain and repair their existing equipment rather than making substantial capital investments in new systems. According to Ralph Rio, research director at analyst firm ARC Advisory Group, there’s been strong growth in the adoption and usage of maintenance management systems, and that growth has been propelled by four key factors: uptime, cost control, asset longevity and safety....
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