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Maintenance, repair and Operations.An average businessman/woman may have heard MRO used by office managers, purchasing agents or even CEOs. And might have seen it on financial reports or hear it in budget meetings.Yet, many people still  don't know what the acronym stands for. It stands for maintenance, repair and operations, which are purchases a company needs to make to keep its operations running smoothly. MRO items have a tremendous impact on a company's efficiency and bottom line.MRO m …