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
Category: Business Management
What is FSN analysis in Inventory Management?
What is FSN analysis? FSN analysis is an inventory classification method based on how quickly the stock items are consumed or sold. FSN stands for
How to post Old Stock Entries for Miscellaneous Issues/ Receipts
How to post Old Stock Entries for Miscellaneous Receipts Issue Summary : Even after running the account interface, there were no stock impacts for the
What is ABC Analysis in Inventory Management System?
Definition: The Full form of ABC Analysis is Always Better Control and it classifies Inventory items into A, B and C categories based on the
Importance of Audit Trail Feature for Business Accounting
Today, a number of trade companies have been looking to digitise through automating daily processes with advanced tools like ERP software. The tools offer extensive
8 Ways Technology Has Helped Transform the Auto Industry
The Auto Industry has come a long way since its invention in the late 1800s. Early on, cars were costly, and only the wealthy could
Deposits Outstanding but no Entries in Reconciliation
We often find some issues while doing the Bank Reconciliations, of which one issue is that, we find Deposits Outstanding in the Summary tab of
Best Ways of Tracking Inventory for the Food Manufacturing Industry
ERP software has a close connection with the manufacturing industries. Food manufacturing is one such industry which needs an efficient business management system to control
10 Manufacturing ERP Modules You should look for in an ERP System
Nowadays, ERP systems have now become a very important tool for all businesses for many decades. ERP software can automate critical business functions while acting
What is an MES System (Manufacturing Execution System)?
An MES system (Manufacturing Execution System) is an excellent software that helps track documents and controls the manufacturing goods processes from raw materials to finished