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…
1. Introduction What’s the biggest nightmare of any business? Having orders in line but not having enough…