What Is a Shipping Invoice? A Simple Guide
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
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
It helps manufacturers make great products by staying ahead of the competition, improving customer satisfaction, enhancing quality, and reducing costs.| Deskera Blog
A report by the National Association of Purchasing Management found that companies with effective supplier management practices can reduce supplier-related issues by up to 70%.| Deskera Blog
According to a study by the Institute for Supply Management (ISM), US companies with best-in-class procurement practices can achieve cost savings of up to 18% compared to their peers.| 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
As the saying goes, "a penny saved is a penny earned." But when it comes to procurement, the savings can add up to much more than just a few pennies.| Deskera Blog
According to a report by the International Trademark Association (INTA), the estimated value of counterfeit goods in the US market was $45.2 billion in 2019.| Deskera Blog
Just-in-Time Inventory is an inventory management method that aims to provide inventory, raw materials, and workers only at the time of need.| 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
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
The LIFO method records for the inventory where the most recently purchased goods are sold first, thus generating higher revenue in an inflationary market.| Deskera Blog
Warehouse vs. Dropshipping - which one is better. Well, we can debate over this for hours. However, none of us can deny that both of them have proved to be a boon for the e-commerce industry.| Deskera Blog
The inventory management ensures that there are enough goods or materials to meet demand without creating overstock, or excess inventory.| Deskera Blog
A million-dollar question, literally and figuratively in every business, big or small, is “How much to order?”. EOQ helps answer this question. As a business owner, your main enemies are overabundance and/or shortage of goods. When you have inventory in large quantities sitting in your warehouse and no one| Deskera Blog
The Inventory Reorder Point in inventory management is the minimum level of stock for a specific product.| Deskera Blog
FIFO stands for First In First Out. FIFO in inventory valuation means the company sells the oldest stock first and calculates the COGS based on FIFO.| Deskera Blog
Inventory control is monitoring & managing a company's inventory and warehouse by keeping up the stock at desired levels.| Deskera Blog
A vendor can be described as a person, company, or group that distributes goods and services to businesses, companies, and ultimate customers.| Deskera Blog
Inventory carrying costs refers to the cost incurred in the process of holding the unsold inventory. One of the topmost problems organizations have with inventory management is carrying costs. Inventory carrying costs include storage, shipping, handling, labor, insurance, taxes, item replacement, shrinkage, and depreciation. They are incurred when products are kept on the shelves in a warehouse, distribution facility, or retail location.| Deskera Blog
A supply chain refers to the process designed to manufacture and sell the product, right from the supply of materials to the distribution and sale of the product.| Deskera Blog
A supplier in business can be described as a person or an entity that supplies goods and services. This is the part of the business's supply chain that provides the bulk value of a particular product.| Deskera Blog
