Operational Costs Demystified: The Metrics That Matter Most
Knowing what operational costs are helps you gain a clear picture of where your money goes and how it impacts your bottom line.| Deskera Blog
Knowing what operational costs are helps you gain a clear picture of where your money goes and how it impacts your bottom line.| Deskera Blog
Identify some of the key manufacturing ERP modules and features to boost your productivity and secure higher profitability.| Deskera Blog
A bill of lading is an accounting legal document that outlines the information of a freight shipment. It includes product types, quantity, price, and more.| Deskera Blog
Use the right manufacturing KPIs to improve the productivity and profitability of your manufacturing operations.| Deskera Blog
Some of the strategies that will help you reduce total manufacturing costs are: design products efficiently, standardize components and parts, and more.| Deskera Blog
It includes strategies such as cross-docking, data analysis, vertical storage, cross-training, inventory optimization, automation, and more.| Deskera Blog
It can account for 30% to 70% of total product costs, making them a critical focus area for accurate pricing, profitability, and cost control.| Deskera Blog
Jump Start Your Growing Business with Deskera. Get Amazing Insights to Grow & Run Your Business With Articles on Accounting, Sales, Human Resources and More| Deskera Blog
This is because it affects all aspects of life, and the decisions and actions of individuals,businesses,and governments can impact our future significantly.| Deskera Blog
It is a systematic and ongoing process of introducing new products, services, business models that create value for customers, improve business performance.| Deskera Blog
Some of the business budgeting mistakes that you should avoid are: overestimating sales projections, not basing the budget on the data, not tracking revenue| Deskera Blog
It is a vital process that predicts a company's future financial outcomes based on historical data, market trends, and strategic plans.| Deskera Blog
Push manufacturing is driven by demand forecasts, while pull manufacturing is based on actual customer demand. Each approach has its own set of advantages.| Deskera Blog
Wholesale distribution involves purchasing products in bulk from manufacturers and selling them to retailers, businesses, or institutions at a markup.| Deskera Blog
Cash flow forecasting is a means of predicting the movement of cash into and out of your company over a certain period and across all areas.| Deskera Blog
The main benefit of having a compliance calendar for Haryana are that it will make it easier for you to remember your legal obligations and avoid penalties.| Deskera Blog
Predictive maintenance leverages data, IoT sensors, and AI-driven analytics to anticipate equipment failures before they occur.| Deskera Blog
Invoice factoring is a financing method for businesses where unpaid invoices are sold to factoring businesses. It helps with improving cash flow.| Deskera Blog
ERP systems consolidate project-related data from various departments into a single source of truth, ensuring that teams have real-time access to information.| Deskera Blog
Working capital management is the process of optimizing a company’s short-term assets and liabilities to ensure smooth operations and financial stability.| Deskera Blog
CMI shifts inventory management responsibility from suppliers to customers, offering greater control, visibility, and efficiency in supply chain operations.| Deskera Blog
ROA is a financial metric that measures how efficiently a company uses its assets to generate profits.| Deskera Blog
RCA is a problem-solving approach that goes beyond symptoms to identify and address the fundamental issues driving problems in organizations.| Deskera Blog
ERP security is critical for protecting sensitive business data and ensuring the integrity of operations.| Deskera Blog
Downtime refers to the period during which a system, equipment, or process is unavailable or non-operational. It disrupts normal business operations.| Deskera Blog
Current assets are resources that a company expects to convert into cash or use up within one year or within its operating cycle, whichever is longer.| Deskera Blog
Uptime is crucial for maintaining operational efficiency, customer satisfaction, and business continuity.| Deskera Blog
Operating costs are expenses incurred by a business to carry out its operations. These are variable costs as they change with the production level.| Deskera Blog
Assets are what a business owns, and liabilities are what it owes. The difference between the two equals equity, the net worth of the business.| Deskera Blog
Explore how manufacturing management software and ERP solutions streamline operations, boost efficiency, and drive Industry 4.0 success.| Deskera Blog
Vendor Managed Inventory (VMI) transforms modern manufacturing operations by reducing lead times, improving fulfillment accuracy, and boosting sales.| Deskera Blog
Safety stock is an extra quantity of a product that is stored in the warehouse to prevent an out-of-stock situation, and retain customers.| Deskera Blog
Production schedule enables organizations to respond to changing market conditions, adapt to customer needs, and make informed decisions that drive operational excellence.| Deskera Blog
Production planning is the process of deciding how a product or service will be manufactured before the manufacturing process begins.| Deskera Blog
Inventory costs includes the cost to order & hold inventory & admin cost. Ordering, holding, carrying, shortage and spoilage costs are some common costs.| Deskera Blog
A technique for predicting future demand for a product is demand forecasting. Managers use different approaches to predict demand forecasting more accurately| Deskera Blog
Learn what ROI (Return on Investment) is, how it’s calculated, and why it’s a crucial metric for measuring business success.| Deskera Blog
Manufacturing cost is the sum of the costs of all resources consumed in the process of making a product. It helps in making better decisions.| Deskera Blog
IoT describes physical objects with software, sensors, and processing ability that connect and exchange data with other devices and systems over the Internet.| Deskera Blog
Business Intelligence (BI) is a set of strategies and technologies that transform raw data into insights used to enable more effective decision-making.| Deskera Blog
The benefits of ERP includes enhanced efficiency and productivity, improved decision-making, better financial management, scalability and flexibility, etc.| Deskera Blog
ABC analysis is an important part of inventory management as it helps in categorizing stocks into three categories - A,B, and C, based on their revenue.| Deskera Blog
Just-in-time inventory is a term that implies ordering inventory only as they are required. This article will help you understand this method in depth.| Deskera Blog
Discover the top 10 manufacturing software solutions to streamline operations, boost efficiency, and support growth for businesses of all sizes.| Deskera Blog
Maximizing warehouse efficiency through effective inventory control strategies is crucial for businesses to achieve operational excellence, reduce costs| Deskera Blog
Inventory is all the goods, items, and materials purchased or manufactured by a business for selling. In accounting, inventory is periodic or perpetual.| Deskera Blog
Implementing inventory tracking software will help achieve real-time visibility, improve customer satisfaction, get data-driven insights, and reduce costs.| Deskera Blog
ERP systems offer multitude of benefits to small businesses including streamlined operations, improved efficiency and productivity, better decision-making.| Deskera Blog
ERP implementation is the process of integrating ERP software into an organization's operations to streamline processes and improve decision-making.| Deskera Blog
The various factors to consider for choosing the right automotive ERP for your business are: integration capabilities, scalability, and, industry-specific features.| Deskera Blog
Implementing automotive ERP will help in mastering financial management through integrated financial modules, real-time financial data, and other such functionalities.| Deskera Blog
Discover how ERP systems enhance financial management by automating key processes, improving accuracy, and facilitating better decision-making.| Deskera Blog
