What is Craft Production ?
Globally, there is a vast digital explosion, and most sectors are automated. However, there is still the production of handcrafted products sold worldwide. If the
Category: Business Management
Types of GST Returns
Every business owner and dealer who is registered under the GST system must file GST returns based on the nature of their business or transactions.
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
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
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
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
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
What is Demand Forecasting? Types, Methods, and Examples
What is Demand Forecasting? Demand forecasting is a process of predicting customer demand so that businesses are prepared to timely fulfill orders when the actual