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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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
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,