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
Blogs
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
Top 10 Food and Beverage ERP Software in 2025
Food and beverage manufacturers in India face a multitude of challenges — demand uncertainties, frequent stock-outs, food spoilage & waste, complex formula management, and compliance with ever-changing food safety standards.
India’s Top 12 Manufacturing ERP System in 2025
In today’s highly dynamic business environment, it’s crucial for manufacturers to stay within budget and proactively address their business challenges. Furthermore, managing costs has become more important than ever due
Top 10 Advantages of Supply Chain Management in 2025
As today’s businesses operate on a global scale, they face multifaceted challenges and ever-increasing complexities in supply chain operations. As the demand for their products is often unpredictable, they have
Total Cost of Ownership (TCO) | Calculate & Reduce Costs
What is the Total Cost of Ownership (TCO)? Total Cost of Ownership (TCO) is a comprehensive financial assessment that considers all direct and indirect expenses related to the acquisition, implementation,
What is Return Merchandise Authorization? | Definition, Benefits And Types
What is Return Merchandise Authorization (RMA)? Return Merchandise Authorization (RMA) is a crucial process implemented by businesses to manage product returns from customers, serving as a formal agreement from the
What is Human Capital Management? | Meaning, Features And Benefits
What is Human Capital Management (HCM)? Human Capital Management (HCM) is a strategic approach that views an organization’s people as its most valuable asset and investments, recognizing that their collective
Allocation of Components for Work Order in Sage X3
Steps to Allocation of Components for Work Order in Sage X3 This blog refers, how to configure the work order allocation rules based on the location (i.e.) Whenever the user