What Is Material Handling? | Meaning, Types And Principles
What Is Material Handling? Material handling, comprised of two words material and handling, is a process of transporting raw materials from their original location to
Category: Business Management
India’s Growing Defence Industry & Emerging Capabilities
India is fast emerging as a global defence superpower, and going through a transformative change in recent years. From being a defence importer to an
What are Overhead Costs? Definition & Meaning
A business has to spend money to make money, that’s how it works. In the business landscape, there is a term called overhead costs. It
What is a Periodic Inventory System and How Does It Work?
Inventory is an integral part of the business where all the goods and raw materials are stored to sell later to the consumers. A periodic
What is Operating Profit Ratio?
Every day businesses deal with numbers and ratios to measure performance in terms of finances, operations and efficiencies. One such measure to measure all these
What is Operations Management?
Operations Management is an excellent field in the business landscape. It is the execution of backend organisational functions. Operations management encompasses all the functions related
What is FEFO Method? Definition and Example
Inventory is an important part of any business. It has the capability to influence the revenue of the business directly. There are many inventory methods
What are Operating Costs?
All the expenditures of the company are known as operating costs. Further, the net income or loss is the most common operating costs reported. Rent,
What is Operating Income?
Operating Income can be located in the income statement listed as the business’ mainstream revenue. It is the value that calculates the profit left after
What is Manufacturing Lead Time?
Manufacturing lead time is a concept well-known to all businesses. We know the importance of delivering the product on time, and customers remember the brands