What’s the ordering cost?
Inventory ordering cost is a cost that is incurred when an entity places an order to acquire inventory from suppliers. This cost doesn’t only include … Read more
Management
What is the cost element? (Features of product costing)
Definition Cost element refers to the cost incurred on the purchase of resources; these resources are used to run the business’s production. The concept of … Read more
Service level agreement – (SLA)
Service level agreement is the level of service agreed between the vendor and the buyer. The agreement includes matrices for the performance measurement and the … Read more
5 Types Of Due Diligence Services
Definition: Due diligence is the systematic and structured analysis of investment decisions to mitigate the risk. It’s performed with strategic, operational, and financial perspectives to … Read more
What is a corporation? (Definition, explanation, advantages, disadvantage, and more)
Definition: The corporation is a business structure that is separate from its owners. In the eyes of the law, the corporation is a separate legal … Read more
Comparison between EAM and ERP system
EAM and ERP are sophisticated resource management systems. As the business world is highly dynamic and requires active monitoring of the business processes to survive … Read more
5 Effective Inventory management Strategies
Inventory management is crucial for the successful run of a business as it helps to control the cost and enhance profitability. Further, efficient management of … Read more
The balanced scorecard (Best metric to determine performance)
The balanced scorecard is a performance metric in strategic management. It helps companies to set their direction and communicate to employees what’s valued in the … Read more