Costing Methods and Techniques
Manufacturers have the challenging task of setting the pricing of the product. With increasing competition in the market, the manufacturers cannot set the pricing to
Ishant Raina
Capital Budgeting : Meaning, Methods and Importance
What is Capital Budgeting? Capital budgeting is the process of determining the return potential of investments made in long-term assets, such as buying land to
Lot and Sub Lot Expiry Management and Allocation rules in Sage X3
Many organizations deal with sensitive products that can turn hazardous when consumed by humans after their expiration. A few examples of such products are packed
What is Capacity Requirements Planning? Types, Benefits and Strategies
A manufacturing process requires a lot of planning before it commences. The planning is required to see what’s coming, significantly if it impacts the business’s
What is BOM Explosion?
We all know what a bill of materials is for businesses. It is a significant step in the manufacturing process. It is also known as
Date Format Setup in Sage X3
In Sage X3, there is always the basic requirement of clients to setup the date format as they want like DD/MM/YYYY , MM/DD/YYYY, YYYY/DD/MM ,
Types of GST in India :SGST, CGST, IGST and UTGST
In the year 2017, the Indian government made an announcement regarding the indirect tax regime GST (Goods and services tax). GST replaced other taxes such
Fixed Costs: Definition, Examples and How to Calculate
Definition: Fixed costs, also known as overhead costs, differ from variable costs which tend to increase if business produces a larger number of units. What
Sage 300 : How to view or edit details for a Lot Number
Sage 300 Inventory Control is a powerful tool that allows businesses to efficiently manage their inventory. One important aspect of inventory management is tracking and
What is Material Management? (Definition, Types, and Objectives)
Definition of Material Management Materials management is a process of planning and controlling materials to ensure they are readily available when required. Effective material management