Manual, Periodic and Perpetual are the three types of Inventory Management System. Let's understand each of these types and how they are different from one another.
With a strategic plan that optimises the process of overseeing & managing inventory, including real-time data of inventory conditions and levels, companies can achieve inventory management benefits
Inventory is the crucial aspects of any business who ensures that enough stocks are maintained to meet customer needs. Check out tips for buying best inventory management software.Read More
Auditing inventory is the process of cross-checking financial records with physical inventory and records. Understand how to audit inventory in detail & why it is important.Read More
Job Costing is a costing method used to determine the cost of specific jobs as per customer’s specifications. Get to know the features & procedure of job costing with example.Read More
Sales orders play a central role in making sure a sale is well-documented, properly conducted, and reflective of both the buyer and the seller is expecting.Read More
A purchase order is a contract between the buyer and the seller and it gives specific information like product or services to be delivered, delivery date, and any other terms and conditions.Read More
Inventory control is an activity of checking a shop’s stock and to maintain the inventory at desired levels, keeping in view the best economic interest of an organization.Read More