Impact on Financials from the Periodic Inventory Method
Periodic Inventory Method Inventory refers to money that is either your own or which you borrowed to inject into the business. The inventory…
Does it Matter to the Consumer If You Use LIFO or FIFO
FIFO or LIFO [fusion_text]The type of inventory system that a company uses will always have an impact on the consumer. This is the…
FIFO and LIFO Methods of Inventory
[fusion_text]FIFO (first-in, first-out) and LIFO (last-in, first-out) are the most common inventory valuation approaches used by business enterprises to account for the value…
Finding a Reliable Supplier for a Product You Want To Import
Finding a Reliable Supplier [fusion_text]You might have toured to several countries across the world, and probably discovered a nice product that you may…
Direct Exporting: Advantages and Disadvantages
Advantages and Disadvantages of Direct Exporting [fusion_text]Direct exporting involves delivering a product directly to an interested customer. This can be either delivering to…
5 Signs It’s Time to Change Your ERP System!
Who is one step ahead of the game? Who changes things when it’s needed rather than waiting until it’s too late? Those in…
Motivation for Contract Manufacturing
Contract Manufacturing [fusion_text]Contract manufacturing is the process whereby a company makes an arrangement with another company, either local or overseas, to manufacture part…
From Manufacturing to Distribution: The Evolution of ERP in Our New Global Economy
Evolution of ERP The increasing competition among manufacturing companies has led to enhanced product service delivery, as opposed to the traditional production based…
Slow Moving and Obsolete Goods, Are Bad for Your Inventory
Inventory Management Though the key idea of every business is to make significant profits, there comes a time when things don’t work exactly…
Warehouse Zones
Warehouse Zones All warehouse design requires a decision concerning how to store stock. Some items can be placed in racks, some can be…
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