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Showing posts with the label Business

Advantages and Benefits of Implementing an ERP System

Advantages and Benefits of Implementing an ERP System -  The main advantage is the integration of ERP implementation. ERP helps reduce operational costs by coordinating the various departments of t…
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JIT(Just in Time)- 5 Reasons Why JIT Is Important For Your Business

JIT(Just in Time)- 5 Reasons Why JIT Is Important For Your Business  These are the apparatuses, systems, and strategies current manufacturing organizations have available to them to guarantee creati…
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The Differences of Fifo, Lifo and Average Methods in Inventory Accounting

credit:freepik.com Definition of Company Inventory -  Company inventory is the product/goods owned by the company. Which of these products will be resold or for use by the company itself. Because of…
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Inventory Control and Formulating an Effective Scheme for a Highly Profitable Business

Dealing with a business is anything but a simple undertaking. Perhaps the main undertakings of business people and financial specialists are controlling their stocks. Inventory control , also called…
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Why Logistics Transportation Is Important for Your Business

Why Transportation Logistics Is Important for Your Business - Transportation logistics is an important part of the network shop executive assembly line organization methodology. Sometimes this may…
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Theory of Constraints - What is this Thing Called the Theory of Constraints?

credit image:freepik.com What is the Theory of Constraints?  Focus! The core of the Theory of Constraints (TOC) is to focus correctly, on those few critical things that prevent your organization fr…
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Standard Costing - is it a Waste?

credit image:freepik.com Standard Costing - is it a Waste?  Goldratt once called Accounting public enemy number one. Many of you will be familiar with standard costing (and other methods). Is stand…
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Your Businesses Potential

credit image:freepik.com Your Businesses Potential -  Check yourself against these 5 criteria. If you are not well in the green on them you probably have significant potential for bottom line impro…
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