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Management

What’s the ordering cost?

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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

Categories Management

What is the cost element? (Features of product costing)

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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

Categories Management
SERIVICE-LEVEL-AGREEMENT

Service level agreement – (SLA)

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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

Categories Management
DUE DILIGENCE

5 Types Of Due Diligence Services

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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

Categories Management
CORPORATION

What is a corporation? (Definition, explanation, advantages, disadvantage, and more)

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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

Categories Management
ERP

Comparison between EAM and ERP system

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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

Categories Management
INVENTORY MANAGEMENT

5 Effective Inventory management Strategies

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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

Categories Management
Balanced scorecard

The balanced scorecard (Best metric to determine performance)

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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

Categories Management
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