What is procurement?
SUMMARY: Traditionally, a few businesses took the term procurement with purchasing. But, nowadays, businesses are seeing procurement as one step in a large view. So,
Category: Business Management
What is the difference between Quality Control and Quality Assurance?
Summary: Quality Assurance (QA) and Quality Control (QC) play an instrumental role in the lifecare and healthcare sciences. But organizations should understand the difference between
AR Exchange Revaluation
What is Revaluation? Revaluation is adjustment of the value of invoice in relation to current exchange rate of the currency. AR revaluation process is used
Multiple Invoice in recurring payable
Recurring payable is a process to book invoice of expense that have repeated occurrence like rent of warehouse. Sage 300 ERP has functionality to save
Different components of data warehouse
Data Warehouse Definition: Data warehouses include vast amounts of past data specifically intended to resolve queries and analyze data. This blog post will let us
What is the difference between Manufacturing and Production?
Summary: Manufacturing and production are often used interchangeably because both involve the manufacturing of finished goods from raw materials. But there is a significant difference
Procurement meaning and process explained
Summary: Procurement constitutes the transactional part of the business. It involves buying raw materials from vendors & suppliers at the most affordable rates. Although the
What is Financial Management ?
Summary: Financial management comprises methods and techniques for handling a company’s financial assets. It helps the business track its expenses & profits and, more importantly,
The Scope of Financial Management
Summary- Finance management plays a vital role in all kinds of businesses and it is the backbone of any organization. Various factors, including profit or
The Objective of Financial Management
Finance is the lifeline of any organization and it requires meeting the needs of all business issues. With the increasing competition in the market, companies