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Material Management

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 ensures efficient production, minimizes waste
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User Activity Reports

User Activity Reports in Sage 300 v2023

In Sage 300 v2023 we have a new feature called ‘User Activity Report’ which allows us to capture information related to Sage 300 login and opening/closing of screens which tracks
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erp for energy industry

How ERP for Energy Industry Revolutionizes Energy Sector

What is ERP for Energy Industry? ERP for energy industry refers to Enterprise Resource Planning, which is a specialized software that streamlines energy industry-specific processes and activities, such as production
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ERP for Aerospace Industry

ERP for Aerospace Industry

What is ERP for Aerospace Industry? Aerospace ERP (Enterprise Resource Planning) is a business-critical software that helps aerospace manufacturers meet their complex business needs, and plan, manufacture & maintain highly
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Demand Forecasting

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 order arrives. If demand forecasting
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erp for Airline industry

ERP for Airline Industry

What is ERP for Airline Industry? Airline ERP Software is a digitally inclined strategic software that integrates data from a range of legacy processes in airline operations, such as flight
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bills

Bills vs Invoice – What is the difference ?

We often interchange the words invoice and a bill. They are closely related as they are synonymous with each other but sometimes they cannot be exchanged and only one term
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Sample Inventory Management

Free Sample Inventory Management in Sage X3

Often times in any business, the customer requests a sample of the product they are interested in before deciding to make a purchase. The company keeps a sample inventory of
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erp for steel industry

Best ERP for Steel Industry

What is ERP for Steel industry? ERP for steel industry is ERP solution that tracks processes from procurement of raw materials to delivery of finished goods and provides a wide
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Tire Manufacturing Software

How Tire Manufacturing Software Drives Business Expansion?

What is Tire Manufacturing Software? Tire Manufacturing Software is a specialized type of software designed to streamline and optimize various processes involved in the production of tires and delivers industry-specific
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What is Batch Production in Manufacturing

What is Batch Production in Manufacturing?

Definition: Batch production is a manufacturing method where products are made in specified quantities or batches. Here, the full batch is processed together on a workstation before moving it to
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The absorption costing

Absorption Costing: Pros and Cons

Definition: Absorption costing is an accounting method to help the business in determining the total value of the inventory. It is crucial for the business to understand its value and
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