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Key Performance Indicator (KPI)
February 19, 2025

What is Key Performance Indicator (KPI)? | Definition, Types And Examples

What is Key Performance Indicator (KPI)? A Key Performance Indicator (KPI) synthesizes raw business data into key metrics used to measure the performance or efficiency of various business activities such
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Return Material Authorization (RMA)
February 17, 2025

What is Return Material Authorization (RMA)? | Definition, Types And Benefits

What is Return Material Authorization (RMA)? Return Material Authorization (also called, Return Merchandise Authorization) is a physical or electronic document that confirms the company’s acceptance of initiating a return or replacement
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Multiple Step Operational Loss In Sage X3
February 15, 2025

Multiple Step Operational Loss In Manufacturing | Sage X3

What Is Multiple Step Operational Loss? We can define scrap loss for each raw material as well as operation loss against each step of our production. Scrap loss calculation is
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Demand Driven Material Requirements Planning (DDMRP)
February 11, 2025

What is Demand Driven Material Requirements Planning (DDMRP)? | Meaning, Process And Benefits

What is the Demand Driven Material Requirements Planning (DDMRP)? Demand Driven Material Requirements Planning (DDMRP) is an evolution of the traditional MRP methodology that acts as a foundational step in
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February 10, 2025

Disposal of Fixed Asset in Sage X3

Asset disposal is the process of removing a long-term asset from a business’s accounting records, either by scrapping or selling it. In the Sage X3 application, this process is straightforward
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Value Change Function in Sage X3
February 6, 2025

Value Change Function in Sage X3

If a product is not sold on time and is just lying around the warehouse. Then mostly the product cost is revised as per the market and product conditions. After
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TDS-TCS Reforms
February 4, 2025

Key TDS/TCS Reforms Announced in Union Budget 2025

In a key policy reform to simplify tax compliance for businesses, Finance Minister Nirmala Sitharaman has rationalised the TDS/TCS structure in the recently proposed Union Budget FY 25-26, tabled on
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India Union Budget 2025
February 3, 2025

India Union Budget 2025 Highlights | Tax Relief, FDI Boost, and Economic Reforms

India, commonly known as the fifth largest economy in the world, unveiled its Union Budget on Feb 1, 2025. With the focus on boosting domestic consumption, transforming India’s economy and
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What is Material Requirements Planning
January 31, 2025

What is Material Requirements Planning (MRP)?

What is MRP? Material requirements planning (MRP) is a system that calculates the materials needed to manufacture a product and meet consumer demand. Manufacturing companies also use varying types of
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Union Budget 2025 Expectations
January 23, 2025

Union Budget 2025 Expectations

India’s finance minister Nirmala Sitharaman is all set to table the Union Budget 2025 next month. Several industry experts are betting on a slew of measures to increase consumption, reduce
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Safety Stock Formula
January 21, 2025

What is Safety Stock Formula? | Definition, Importance And Formula

What is Safety Stock? Safety stock is the extra stock available with manufacturing companies to meet surges in market demand and counter delays in the supply chain, aimed at minimizing
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January 20, 2025

What is a Work Order? | Definition, Benefits And Examples

What is Work Order? A Work Order is a comprehensive digital document that provides a detailed roadmap and information pertaining to different tasks that are required to be carried out
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