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B2B 20192 iResearch I 2025 B2B B2B B2B 2018 MRO B2B 2700 B2B 43%B2B B2B B2B B2B B2B 3 iResearch I MRO BOM 01/MRO/BOM Maintenance Repair Operation(MRO)4 iResearch I MRO MRO MRO MRO MRO MRO(BOM)SKU 5 B2B 1 B2B 2 B2B 3 B2B 4 B2B 56 iResearch I 1 2015 5 2025 2 2016 5 3 2017 9 4 2017 11 2018-2020 5 2018 5 APP 2018-2020 APP2019 12 APP 30%APP 10 APP 6 2018 7 7 2019 6 2019 2015-2019 B2B72019.10 iResearch I 2019.10 iResearch I GDP 40%2019 PMI B2B wind wind 22.7 24.5 26.2 27.8 28.2 29.7 33.3 36.6 48.8 53.9 59.3 64.1 68.6 74.0 82.1 90.0 46.5%45.4%44.2%43.3%41.1%40.1%40.5%40.7%2011 2012 2013 2014 2015 2016 2017 20182011-2018%48495051522016.1 2017.1 2018.1 2019.12016-2019 8 PMI PMI82019.10 iResearch I 2019.10 iResearch I 30%24%21%UPS 30%24%21%2017 1688 2B 2017 1688 2017 2018 2018 B1 2018 2017 2018 9 iResearch I 01 MRO 02 03 AI B2B 10 B2B 1 B2B 2 B2B 3 B2B 4 B2B 51112 iResearch I/10%-15%10%-15%10%-15%20%-50%50%MRO 13 iResearch I/10%-15%10%-15%10%-15%20%-50%14 iResearch I B2B B2B B2B+/B2B B2B B2B 15 iResearch I B2B/SKU B2B B2B+/B2B 16 iResearch I B2B MRO 1.3.2.4.B2B B2B 17 iResearch I B2B B2B B2B B2B B2B 1 B2B 2 B2B B2B 18 iResearch I B2B MRO MRO SKU MRO SKU MRO SKU MRO SKU SKU SKU SKU SKU SKU MRO 19 iResearch I B2B MRO MRO B2B SKU B2B MRO MRO MRO SKU SKU SKU B2B SKU MRO 20 21 iResearch I B2B B2B B2B B2B B2B 3%1%2014 2015 B2B 2009 2017 1688 2018 2014 22 iResearch I B2B B2B B2B B2B 23 iResearch I10.1 12.4 2018 2023e2018-2023 MRO=*1.2.25%-30%27.5%MRO=*MRO 1.MRO 4%-7%5.5%10-20)MRO 1.5 25%-30%1 5 GDP PMI 2 5 3 5 25%-30%MRO 4%-7%BOM 80.0%MRO 20.0%2018 MRO 2 24 iResearch I0.27 1.58 2.7%12.6%2018 2023e2018-2023 B2B B2B B2B 2023 B2B 1.58 2018 B2B 2700 2.7%B2B B2B 43%2023 B2B 1.58 1.1 2(),3 2.1 2 25 iResearch I B2B B2B B2B 26 iResearch I B2B B2B B2B 27 iResearch I B2B B2B B2B B2B B2B 2019 50%B2B vs SKU 168828 iResearch I 88%12%2018 B2B B2B B2B 2019 50%2018 88%5%-10%18%-22%2018 B2B vs 20%20%29 iResearch I B2B/VS B2B vs 302019.10 iResearch I 2019.10 iResearch I HD Supply 2016 36 choice 2019 8 30 choice 1927 149.3 1967 175.6 HD Supply 1974 66.47 HD Supply 89.594.499.7 99.7101.4104.3112.231.333.337.338.739.643.949.776.582.388.873.974.451.260.50204060801001202012 2013 2014 2015 2016 2017 20182012-2018 HD Supply HD Supply312019.10 iResearch I 2019.10 iResearch I43.8 43.843.342.440.639.3 38.851.5 51.750.850.449.6 49.348.328.128.728.833.234.039.7 39.301020304050602012 2013 2014 2015 2016 2017 20182012-2018 HD Supply%HD Supply%B2B 18%-22%30-40%48%18%-22%1 2 MRO choice 010203040506020182018 B2B 18%-22%32 iResearch I3 2222 221514102.31.01.79.96.618.219.218.232012 2013 2014 2015 2016 2017 2018 2019.92012-2019 9 B2B B2B B2B(B2B 2015 2019 9 25 IT 2017 2018 B2B 19.2 2019 2018 B2B 2015 2015 22 9.9 B2B IT B2B B2B 5 33 iResearch I 2019 1 A+3000 58 2019 3 B 1 2019 5 A 4500 2019 5 Pre-A 850 2019 6 D 1.6 2019 8 B 1 2019 9 A 1000 2019 9 C 3 2019 9 A 1000 2019 B2B B2B 4 2019 B2B 1.6 B2B C B2B B2B 2019 9 25 IT 2019 1-9 B2B 34 iResearch I B2B B2B B2B 35 B2B 1 B2B 2 B2B 3 B2B 4 B2B 536 iResearch I1688 100 1688 1688 1688 37 iResearch I1688 1688 2019 3 1688 1688 1688 2017 SKU 10000 38 iResearch I/2019 618 300%20 集中采 大 支付 大件物流 支付 快速回款 39 iResearch I 2500 2018 53%24%2000 01+03 16 02 04 40 iResearch I MRO MRO.2019 8 28 SKU 200 D 20 50 2019.8 2020 300 41 iResearch I MRO MRO 8000 1 9 4;2 50 2019.8 3 42 iResearch I 2009 MRO B2B 2019 4000 2019.10 36 5000 100 SKU 2016 ERP PC MRO MRO 2012 EAS EAS MRO 43 iResearch I 2019 26,000 IT 4,000 100 SKU 3.6 ERP ERP 2015.11 C 2015.2 B 2017.12 D IDG IDG Kylin Capital1 2010.10 A 2000 44 iResearch I MRO 2019 8 10 27 SKU 300 B+4.45 iResearch I 5 5 MRO 1/2 ABB 3M SKF 2019 8 3000 1000 46 B2B 1 B2B 2 B2B 3 B2B 4 B2B 547 iResearch I B2B SKU 2019 8 SKU SKU B2B SKU 300 B2B KA 30%300 SKU 48 iResearch I B2B SMS B2B MRO 170 MRO 2018 30 2019 B2B B2B B2B B2B 49 iResearch I B2B MRO B2B B2B 1.2.1.2.50 B2B 1 B2B 2 B2B 3 B2B 4 B2B 551 iResearch I B2B/SKU 52 Keep Learning 400-026-2099 53
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