Buyback is a practice in which a supplier agrees to repurchase a predetermined amount of inventory from…
Businesses offer net payment terms to customers so that they can defer the payments till the set…
Invoice is a commercial document that the seller gives to the buyer to collect payment. It usually…
Inventory procurement cost is a set of all the costs that a company incurs in acquiring inventory….
Whether you are a wholesaler, distributor, or retailer, you must manage a large number of SKUs on…
FTL (Full Truck Load) is a type of shipping mode in which the transporting goods occupy the…
A skid is a warehouse equipment made of a single deck platform. This platform is supported by…
Congratulations on starting your manufacturing business! Now, getting started means you need products, but how do you…
A virtual warehouses is a digital solution that stores and manages the inventory. These also allow the…
Introduction Direct procurement or direct spend involves acquiring goods or raw materials that directly contribute to producing…