Difference between Most Recent Cost and Last Unit Cost
It is always important for the people to understand the costing. Costing may sound a complex term but here in this blog we will explain
Category: Business Management
What is procurement?
SUMMARY: Traditionally, a few businesses took the term procurement with purchasing. But, nowadays, businesses are seeing procurement as one step in a large view. So,
What is the difference between Quality Control and Quality Assurance?
Summary: Quality Assurance (QA) and Quality Control (QC) play an instrumental role in the lifecare and healthcare sciences. But organizations should understand the difference between
AR Exchange Revaluation
What is Revaluation? Revaluation is adjustment of the value of invoice in relation to current exchange rate of the currency. AR revaluation process is used
Multiple Invoice in recurring payable
Recurring payable is a process to book invoice of expense that have repeated occurrence like rent of warehouse. Sage 300 ERP has functionality to save
Different components of data warehouse
Summary: Data warehouses include vast amounts of past data specifically intended to resolve queries and analyze data. This blog post will let us learn what
Why is product lifecycle management a significant component of business growth?
At its very basic level, product lifecycle management is a systematic way of managing the thorough journey of a product/ service from its initial stage
Explained: Logistics vs Supply Chain
Summary- Supply chain management involves sourcing, manufacturing, processing, and delivering products/ goods to the customers. On the other hand, logistics means moving and storing the
What is the difference between Manufacturing and Production?
Summary: Manufacturing and production are often used interchangeably because both involve the manufacturing of finished goods from raw materials. But there is a significant difference
Procurement meaning and process explained
Summary: Procurement constitutes the transactional part of the business. It involves buying raw materials from vendors & suppliers at the most affordable rates. Although the