What is S&OP (Sales and operations planning) ?
Summary: S&OP is an essential process for the manufacturing industry. Planning your entire demand and supply process will eventually incerese your company’s profitability. A study by
Category: Business Management
Difference Between Discrete and Process Manufacturing?
Summary: Manufacturing is the process of producing goods by using raw materials, chemicals, formulation, machinery and labour. A survey says that after the pandemic covid
How flexible is the ERP system for a business process?
Summary: ERP systems are boon to both SMEs and large-scale industries. Its advanced features give optimum growth results to a company. A study says that
What is considered a Fixed Asset in Accounting?
What is considered a Fixed Asset in Accounting? Summary: Assets are essential for a company to grow and generate revenue. Assets display the financial health
What is Fixed Asset ? | Meaning, Benefits and Examples
Summary: Fixed Asset is a constituent part of your business. Fixed assets are long-term assets that a company owns to generate income through business operations. They
What are the main Features of Supply Chain Management?
Summary: Earlier, international trade was confined to particular pockets worldwide. But today, it’s much more connected and dependent on multiple interconnected partners distributed across the
What is a Bills of Material (BOM)?
Summary: Bills of Material (BOM) plays a significant role for companies involved in manufacturing finished products. It enables the manufacturing unit to plan inventories, design,
Top 14 benefits of ERP for Medical Device Manufacturing?
Summary: In India, ERP for medical device manufacturing is expected to grow at 37% CAGR to USD 50 billion by 2025. India is already the
AP exchange Revaluation with final impact
What is Revaluation? Revaluation is adjustment of the value of a currency in relation to other currencies. AP revaluation process is used to change the
Difference between Most Recent Cost and Last Unit Cost
It is always important for the people to understand the costing. Costing may sound a complex term but here in this blog we will explain