Why is product lifecycle management a significant component of business growth?
At its very basic level, product lifecycle management is a systematic way of managing the thorough journey of a product/ service from its initial stage
Tag: Sage X3
Logistics vs Supply Chain Explained
Summary- Supply chain management involves sourcing, manufacturing, processing, and delivering products/ goods to the customers. On the other hand, logistics means moving and storing the
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
Manual Bank Reconciliation in Sage 300
Reconciliation Definition: – In Sage 300, a bank reconciliation is the process by which the bank account balance of an entity’s books of account is reconciled to the balance
What is the Benefit of Vendor Recurring Payables & How to Set up in ERP system using Sage 300
What is Recurring Billing? Recurring billing happens when a merchant automatically charges a customer for goods or services on a prearranged schedule. Recurring billing requires the merchant
What is Manufacturing Execution System?| Meaning, Features and Benefits
What is Manufacturing Execution System? Manufacturing Execution System is a process-driven solution that acts as a functional layer between an ERP and Process Control Systems
The Objective of Financial Management
Summary- Finance is the lifeline of any organization and it requires meeting the needs of all business issues. With the increasing competition in the market,
What is the Operating Profitability Ratio and why is it used?
Summary: Numerous financial metrics measure the success of a business. One of them is operating profitability ratios that track and measure the business’s overall financial