What is CPQ(Configure, Price, Quote)? | Definition, Features And Benefits
What is Configure Price Quote? Configure price and quote is an integrated sales process that helps sales representatives to efficiently sell complex products using a
Category: ERP Blogs
What is Proforma Invoice? | Definition, Format and Example
What is Proforma Invoice? Proforma invoice is a preliminary invoice issued by the supplier to the buyer, before the goods or services are supplied, mentioning
What is Production Management? | Meaning, Functions & Scope
What is Production Management? Production management is a process of organizing and planning the manufacturing activities in a factory to transform input resources like raw
What is Opportunity Cost? | Definition, Types and Examples
What is Opportunity Cost? Opportunity cost is an economic decision-making approach used by business owners to determine the cost of giving up an opportunity while
Annuity Meaning Explained | Definition, Types & Benefits
What is an Annuity? An annuity meaning is a contract between a policyholder and an insurance company where the policyholder pays a premium either as
What is Profit Maximization? | Definition, Models, Advantages
What is Profit Maximization? Profit maximization is a business strategy to achieve maximum profits by optimizing the product price, the level of output and the
What is Auditing? | Definition, Types & Importance
What is Auditing? Auditing is the process of thoroughly examining the financial statements of a company, typically through an independent auditing company, to ascertain fraud,
What is Variable Cost? | Definition, Formula, And Benefits
What is Variable Cost? Variable Cost is an expenditure that changes in direct proportion to the volume of goods and services produced and influences the