Manufacturers adopt ecommerce for direct sales, broader reach, and better customer engagement. It reduces dependency on distributors and improves margins.| Deskera Blog
A well-planned email strategy in place allows you to set goals and be an easy-to-follow roadmap for a successful email marketing campaign.| Deskera Blog
It is a holistic approach that aligns strategic, operational, and financial plans across departments, ensuring all business units work toward shared goals.| Deskera Blog
Scenario analysis is a strategic planning tool that enables manufacturers to prepare for various possible future outcomes.| 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
Predictive modeling uses a combination of statistical analysis, machine learning, data mining, and AI to uncover patterns in historical data| 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
It helps manufacturers make great products by staying ahead of the competition, improving customer satisfaction, enhancing quality, and reducing costs.| Deskera Blog
The efficiency ratios are the financial ratios used to measure the efficiency of the operation of a business.| Deskera Blog
It is the process of assembling components to build automobiles, trucks, and other motor vehicles. Its 4 steps are designing, building, quality checks| 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 percentage-of-completion accounting technique where revenue is recognized based on the ratio of costs incurred to total estimated costs.| 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
Category management is a strategic approach to procurement and inventory management that optimizes spending, and supplier relationships.| 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
Depreciation represents the decrease in the value of an asset due to its continuous deterioration through its useful life. Companies calculate depreciation to estimate how much their assets have decreased in value over time.| Deskera Blog
Unit of Production method calculates the depreciation for the asset when the asset’s value is closely related to the number of units produced| 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
Scenario planning is a forward-looking strategic tool that helps businesses prepare for multiple possible futures, enabling them to make informed decisions.| 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
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
Auditing is a review and verification of your financial documents which ensures transactions are accurate and legally compliant.| Deskera Blog
Sales coaching is the process of providing guidance, training, and support to sales representatives in order to improve their performance and achieve sales goals. A sales coach works with reps to identify areas for improvement, set goals, and develop strategies for success.| Deskera Blog
A sales kickoff meeting is an annual gathering of a company's sales team and stakeholders, typically held at the start of the year. Its purpose is to align the sales team around the company's goals and strategies, provide training and support, and boost team morale and motivation.| Deskera Blog
It is a method used to optimize fulfillment so that the orders arrive to customers on time while incurring the lowest possible cost.| 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
Depreciation is a term in accounting that refers to the process of allocating the cost of an asset your company bought (like machinery, heavy equipment, property, etc.) over the period of its lifecycle.| 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
Advertising vs marketing is an extensive concept that is substantially growing with the advancements of the Internet World. If you are an emerging entrepreneur or have already been in business for years, you must learn the core details of advertising vs marketing. So, we have comprised this detailed article that| Deskera Blog
Procurement management is an authentic process to integrate a strategic approach for procurement. The main aim of procurement management is to optimize the cost being invested by the organization.| Deskera Blog
Learn what deals in CRM are and how they play a crucial role in the sales process. Discover best practices for managing deals and key features.| Deskera Blog
Headless commerce is a type of e-commerce architecture that separates the front-end user interface (UI) from the back-end systems and databases that manage the data and functionality of the e-commerce platform.| Deskera Blog
Backordering refers to the order of a product which is out of stock currently. The product could either be unavailable in the company’s inventory or is under production.| Deskera Blog
ERP systems for manufacturers unify various business processes into a single platform, including production, inventory, and financial management.| Deskera Blog
A bill of materials (BoM) is a thorough rundown of parts, components, assemblies, and different materials needed to make a product.| Deskera Blog
What is an asset? How to identify assets? Types of assets. How to calculate assets? What is the debt to asset ratio? How to calculate return on assets?| Deskera Blog
Operational metrics are a way of measuring the efficiency of workflows in quantified numbers that help the decision-makers understand the situation and condition of a process of a business.| Deskera Blog
The inventory management ensures that there are enough goods or materials to meet demand without creating overstock, or excess inventory.| 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
Cash flow refers to the money moving in and out of the business. Cash flows are found in operations, investing and financing functions of the business.| Deskera Blog
Sales is a set of activities and processes carried out to sell goods or services to potential prospects. Learn what is sales and how it works now!| Deskera Blog
Marketing is a practice that encompasses an organization’s activities to attract, engage and maintain relationships with customers. Further, it is accomplished through the utilization of data, which is used to identify and establish marketing opportunities.| Deskera Blog
A simple definition of eCommerce is that, E-commerce is the buying and selling of goods or services via the internet, and the transfer of money and data to complete the sales. It’s also known as electronic commerce or internet commerce.| Deskera Blog
A business budget is a spending plan based on your income and costs for your company. It determines your available capital, forecasts your spending, and aids in income forecasting. A budget can assist you in planning your business activities and serve as a benchmark for establishing financial goals.| 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
Discover how automated inventory management systems can transform your business by enhancing accuracy, reducing costs, and boosting efficiency.| Deskera Blog
Order management refers to the process of efficiently handling and tracking customer orders from the initial placement to final delivery.| Deskera Blog
Expenses in accounting are the cost of doing business, including a sum of all the activities that will hopefully generate profit for you.| 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
Customer loyalty is a metric to measure the willingness of a customer to maintain business repeatedly with a company or brand. It indicates that the customers are happy and satisfied.| 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
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
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
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