Business intelligence is a specially curated infrastructure that is a collection of various processes and tools that help to enhance the visualization of the data. This enhanced data visibility aids businesses in making actionable decisions. The main aim of BI is to make data available…
admin
8 Min Read
EDI or electronic data interchange is a novel and contemporary technique to share exclusive and confidential data between businesses. It is a deviated approach from the traditional ways of using information interchange, which was paper-based. EDI transactions of data are computer-to-computer data exchanges. This method…
admin
5 Min Read
The term B2B generally refers to B2B commerce or business-to-business commerce, which is any transaction or commerce between two businesses. This is a common business model where the sale or purchase of products or services occurs between two businesses. For example, buying and selling manufacturing…
admin
9 Min Read
No matter how efficient, no business can claim to be self-sufficient internally. Every company depends on the outside sector for acquiring services or goods. That is why understanding the concept of procurement becomes an absolute necessity. What Is Procurement? Procurement is a process by which…
admin
5 Min Read
Dropshipping is a business model that allows business personnel to resell products without maintaining stock or inventory. A dropshipping supplier usually sells third-party products and sends products directly to customers. Dropshipping suppliers can also order products from distributors or manufacturers and then ship the product…
admin
3 Min Read
The recommended retail price is the retail price the manufacturer suggests for a product. This price is also known as manufacturer-suggested retail price (MSRP), list price, sticker price, and suggested retail price (SRP). This is the price the consumer pays for the final product. However,…
admin
4 Min Read
A wholesaler permit is a legal document that allows wholesalers to buy products in bulk to resell them. Wholesalers need to obtain permits to conduct their business because some manufacturers prefer to only buy products from those wholesalers who have a wholesaler permit. A wholesaler…
admin
3 Min Read
What Are Consumers? Consumers are the end users of any product. A consumer is someone who purchases products or services for personal or business use. These consumers directly use goods and services rather than using them for resale purposes. Examples Some of the common examples…
Page 1 of 5
Next