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What is Order Processing
August 29, 2025

What is Order Processing? Definition, Steps & Role in ERP Systems

What is Order Processing? Order processing is a systematic procedure for receiving, managing and fulfilling customer orders accurately and efficiently. The multiple steps of order processing, from order entry to
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Data warehouse
August 8, 2025

What is a Data Warehouse? Definition, Architecture, Example

What is Data Warehouse? A data warehouse is a data integration system designed to gather business intelligence by consolidating and analysing large amounts of data from multiple sources. As a
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Business Analytics
July 31, 2025

What is Business Analytics? Definition, Benefits, and Types

Business analytics is a statistical approach to solve real business problems and optimise operational performance by analysing and interpreting large datasets. The insights thus generated from this data are shared
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Sales Order
July 23, 2025

What is a Sales Order? Meaning, Process & Importance in ERP

What is a Sales Order? A sales order is a formal document that binds the supplier to fulfil the customer’s order as per agreed terms. In other words, a sales order
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What is 3PL
July 16, 2025

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
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dead stock
July 9, 2025

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
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Contract Lifecycle Management
July 2, 2025

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
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Gross Sales vs Net Sales
June 23, 2025

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
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Working Capital Management
June 18, 2025

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
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ERP Integration
June 10, 2025

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
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Net Realizable Value
June 3, 2025

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
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What are Indirect Costs?
May 26, 2025

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
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