What is FIFO (First-In First-Out) Method in Inventory Management?
Definition: The FIFO method is the most logical method to save inventory costs as it will sell the oldest products first and prevents goods from
Jayesh Jain
What is Invoice Management System – Definition, Importance and Types
Invoice is a term which sounds so simpler, but businesses clearly know its huge significance. It’s a crucial financial document received by businesses and has
What are Inventory valuation methods and their importance?
Inventory valuation determines the total value of the inventory owned by the business during a particular period. The total value of the inventory depends on
How to configure SQL query to create BI report
Business Intelligence Reporting is an Excel-based reporting tool that gathers data from every module in your Sage 300 system which allows users to slice, dissect,
ERP for Garment Industry
Running a garment manufacturing business is not easy. You have to keep yourself up-to-date with the latest market trends and consumer preferences. Sourcing high-quality raw
What are the Types of Manufacturing Processes?
What is Manufacturing Process? Manufacturing process is a step-by-step procedure to convert raw materials into finished products with the help of machinery, labour, tools and
What is Inventory? Definition, types and benefits
What is Inventory? The inventory covers both the finished goods, the raw materials that are in the production process and the work-in-process(WIP) goods. The inventory
How to Create and Allocate LOT numbers in Sage 300?
Sage 300Â has provided a useful feature to control the Lot number allocation on the Order entry and Purchase order entry modules. You can locate the
Accounts Receivable Letters in Sage 300
In Sage 300, Accounts Receivable has a feature called AR letters. The report prints the balance left in the customer invoice balances which come with
What is Landed Cost Tracking in the Pharmaceutical Industry?
Business expansion is definitely a sign of how successfully a business is running, however along with expansion come challenges such as certain expenses required to