ABSTRACT: Managing Inventory in manufacturing is of utmost importance. In most manufacturing businesses, inventory forms the biggest cost component of goods sold. Inventory costing plays a crucial role when it comes to effective management of inventory. Inventory costing is an accounting process done to determine the value of a company’s inventory. It impacts a company’s […]
Manufacturers use ERP systems like Tally, Busy, SAP B1, Oracle, SAP S4 for financial control. They monitor and complete all financial transactions on such platforms. These systems are called Traditional ERP systems. A traditional ERP system fulfils the needs of visibility into financial and all things related to money movement. But, we would like to […]
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