Procurement is a strategic approach aimed at gaining a competitive edge, while purchasing is a transactional process centered on fulfilling immediate needs.
All licensed recreational cannabis establishments must use a seed-to-sale tracking system. These systems track the cannabis life cycle and monitor compliance.
Evaluate the potential of QuickBooks for rental property management. Learn its benefits, limitations, and explore best alternatives for tailored solutions.
Inventory management tracks stock levels, costs, and item movement. Warehouse management integrates all warehouse operations like picking, packing, and logistics.
Optimize your warehouse operations with comprehensive insights on Warehouse Management Systems (WMS). Learn how WMS improves efficiency, inventory control, and employee satisfaction. Read now!
Radio-frequency identification (RFID) is an automatic identification technology that uses computer chips and radio. Learn about how it works and its use cases.
A variance report is a planning document that compares budgeted amounts for expenses and revenue to actual results. View examples and learn how to write a report.
Finding the right project management method is crucial to modernizing your business processes. Explore agile, lean, and more styles to find the best fit.
Project-based ERP is a software that's designed to meet the needs of a project-based business. Learn more about key features, benefits, and top systems.
A purchase order is used to place an order, listing what the buyer wants to purchase. An invoice is sent after the order is fulfilled, requesting payment.
The government is a bit conflicted about what constitutes a "small business." But, it offers a few major definitions from the SBA, HealthCare.gov, and the IRS.
Enhance your warehouse efficiency with our comprehensive guide on order picking methods. Explore discrete, batch, zone, wave, and cluster picking techniques to boost accuracy and speed.
Off-the-shelf software is a readily available platform designed for a broad user base. It has prepackaged features and is not customized for specific companies.
Cycle counting methods are one way to improve your inventory and warehouse management by taking audits of small samples rather than full physical inventory. Discover the different types of cycle counting and best practices in our guide.
A work order is an internal document with instructions for completing specific tasks. A purchase order is an external document issued to a vendor to purchase goods.
Root cause analysis (RCA) is a collection of systematic approaches to determine the underlying cause of problems. Learn more about its approach and techniques.
Progress billing is a method of invoicing that bills for work as it's completed during a lengthy project. Learn more about its benefits and implementation.
Jumpstart your dashboard with these ten Power BI examples, then learn nine best practices for building a clean and concise design with actionable insights.
The three main types of enterprise systems are enterprise resource planning (ERP), customer relationship management (CRM), and supply chain management (SCM).
Inventory shrinkage occurs when actual inventory levels are lower than your accounting records. Learn about causes, prevention, and how to calculate shrinkage rate with examples.
The top construction billing methods include lump sum, progress, arrears, time and materials (T&M), and cost-plus. Learn how to use them and best practices.
A work order is a document or request detailing tasks, materials, & instructions for a job or project. Learn about the different types and more.
With a wealth of data visualization software available, learn how to take advantage of the chart types that will bring your data to life.
The 6 fundamental design elements include: BI dashboards · KPIs · Historical trending · Segmentation (treemaps) · Variance (line charts, bar graphs) · Table graphics
Business intelligence is a technological infrastructure that compiles, parses, and turns data into actionable information. Learn how BI works and view examples.
Construction technology is always advancing, with BIM and drone surveys making work faster than ever before. Discover all the ways new tech can enhance your work.
Amortization writes off the cost of an intangible asset over its useful life, while depreciation tracks loss in value for tangible assets—view formulas, examples, and differences.
Most popular ERP features: 1. Integration 2.Automation 3. Data Analysis 4. Reporting 5. Inventory Management 6. Fulfillment 7. Accounting 8. CRM 9. Sales 10. HR 11. SCM 12. Manufacturing
ERP streamlines processes, empowers decision-making, and provides real-time data. Read on for our top companies utilizing ERP like Amazon, Apple, and Walmart.
Started in 1975, Lawson Software offered one of the largest ERP and HR systems before being acquired by Infor Global in 2011. See history and alternatives.
Supply chain management (SCM) is the coordination of goods and services to the final destination. Efficient SCM will improve efficiency, reduce costs, and meet customer demand. Learn more about SCM and its importance.
Elevate your business's performance with our guide on quality standards. Learn to implement and compare 14 crucial examples to ensure premium products and services.
Field service management (FSM) refers to work performed off-site, such as in a residential or commercial location. It ensures remote technicians have support.
Delve into the essentials of Quality Management Systems (QMS), their benefits, key standards like ISO 9001, and tools for continuous improvement in our comprehensive guide.
A vital part of fleet management, vehicle telematics provides a comprehensive overview of fleet performance using GPS tracking, dash cam recorders, and other sensors.
Quality compliance and management seem to go hand-in-hand. Yet how are they different? And which quality assurance system is best for your business?
How is an enterprise quality management system different from traditional quality management software? Learn what an EQMS can bring to your business.
Discover what every accounting software package must have with this top 100 features list. Find Check Printing, 1099 Forms, Advance Payment Scheduling, and more.
The Industrial Internet of Things (IIoT) is an ecosystem of devices that monitor, collect, and exchange date while communicating through sensors via the internet.
Quality management methods include quality assurance (QA) and quality control (QC). Despite similarities, they use different methods to improve your company's output.
Gain a better understanding of the manufacturing execution systems (MES) and software which make it possible to turn raw materials into finished products.
Construction quality management combines quality assurance and control to ensure tasks are to specifications and budget, and up to quality and safety standards.
Lean manufacturing tools are anything meant to reduce waste or increase productivity during production. Learn about the ideas, benefits, and goals each tool offers.
The OEE formula is applied by multiplying Availability, Performance, and Quality percentages. Explore formulas, examples, and OEE software usages.
Demand forecasting is the process of developing the best possible predictions of future consumer demand. Find which forecasting method works best for your business.
Demand planning is forecasting customer demand, while supply planning manages the inventory to meet the forecasted customer demand. Learn how to optimize your supply chain efficiently.
Computerized maintenance management systems (CMMS) streamlines maintenance operations at all sorts of businesses. Improve your maintenance work with CMMS.
Dynamics GP is an accounting software developed by Great Plains Software Inc. of Fargo, ND, and acquired by Microsoft Corporation in 2000. Learn the history and future of GP.
EAM systems cover the entire asset lifecycle while CMMS is limited to asset maintenance management. Learn more about their different functions and features.
Access actionable tips for improving your effectiveness connecting with a key B2B market demographic: small businesses.