What is a Sales Order? Meaning, Process & Importance in ERP
What is a Sales Order? A sales order is a legal contract between a supplier and a customer whereby the supplier must fulfil the customer’s order as per agreed terms.
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What is 3PL (Third Party Logistics) & The Role of ERP in it?
What is 3PL? Third-party logistics (3PL) are specialized service providers that offer a range of logistics and supply chain services to manufacturers, such as warehousing, inventory management, order fulfillment, and
What is Dead Stock and How to Manage It Effectively with ERP?
What is Dead Stock? Dead stock refers to inventory items that remain unsold for a long period, and the chances of selling them in future at their original market price
What is Contract Lifecycle Management (CLM)?
Contract lifecycle management is the process of managing contracts efficiently throughout the entire business lifecycle, from creation of contracts to renewals and terminations, with the help of automated contract lifecycle
What’s the Difference Between Gross Sales vs Net Sales?
Gross and net sales are two important sales metrics that reflect the revenue earned by the company over a specific period. However, each metric serves a different purpose, and knowing
What is Working Capital Management?
Working capital management is an ongoing financial activity that helps businesses maintain sufficient liquidity to meet their day-to-day operational expenses. It enables them to improve their cash flow position to
ERP Integration: What Is It and How Does It Work?
What is ERP Integration? ERP integration is the strategic process of connecting your ERP software with other critical business systems and tools for seamless data flow, providing a single source
Net Realizable Value (NRV): Why It Matters In Accounting?
What is Net Realizable Value (NRV)? Net realizable value is an accounting concept to determine the true value of a company’s inventory by subtracting selling expenses from its fair market
A Complete Guide on Indirect Costs in ERP
Cost analysis is a crucial process for businesses across different sizes and industries. It provides valuable insights into your company’s cost structures and spending patterns. As a business owner, you
ERP in Cabinet Manufacturing Industry
In today’s highly competitive and customer-centric business environment, cabinet shops are turning to cutting-edge technological solutions to transform their operations. The increasing shift towards ERP software allows them to reduce
Top 10 Automotive ERP Systems in 2025
Technology plays an important role in transforming a business’s core operations. Automotive companies are no exception. As the market for the automotive companies in India is fast expanding, businesses are
What is Lean Inventory Management ?
Modern-day businesses across a wide range of industries operate in a highly competitive and customer-centric environment. As such, they have to constantly strike a balance between their inventory levels and