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What is the difference between knowing the item Location and Presence?

KNOWING location presence
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What is the difference between knowing the item Location and Presence?

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Presence is knowing whether an item is within an area – such as a warehouse. Chokepoints are required to monitor items entering and leaving the area. Location is knowing the actual position of the item (parking spot, row, shelf, etc.). PINC’s technology eliminates the need to have numerous choke points to achieve location information.

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