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Procurement vs. Purchasing: What’s the Difference?

Procurement is a strategic approach aimed at gaining a competitive edge, while purchasing is a transactional process centered on fulfilling immediate needs.

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Seed-to-Sale Tracking Compliance By State

All licensed recreational cannabis establishments must use a seed-to-sale tracking system. These systems track the cannabis life cycle and monitor compliance.

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Can You Use QuickBooks for Managing Rental Properties?

Evaluate the potential of QuickBooks for rental property management. Learn its benefits, limitations, and explore best alternatives for tailored solutions.

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Inventory Management vs. Warehouse Management

Inventory management tracks stock levels, costs, and item movement. Warehouse management integrates all warehouse operations like picking, packing, and logistics.

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What is a Warehouse Management System?

Optimize your warehouse operations with comprehensive insights on Warehouse Management Systems (WMS). Learn how WMS improves efficiency, inventory control, and employee satisfaction. Read now!

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What is RFID and How Does it Work? RFID Use Cases

Radio-frequency identification (RFID) is an automatic identification technology that uses computer chips and radio. Learn about how it works and its use cases.

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What Are Variance Reports?

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.

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8 Types of Project Management Methodologies and Which to Use

Finding the right project management method is crucial to modernizing your business processes. Explore agile, lean, and more styles to find the best fit.

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What is Project-Based ERP?

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.

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Purchase Orders vs. Invoices: Key Differences and Similarities

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.

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How Does the Government Define “Small Business”?

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.

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Order Picking: Definition and Methods

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.

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What Is Off-the-Shelf Software?

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.

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What is Inventory Cycle Counting?

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.

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Work Order vs. Purchase Order: What’s the Difference?

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.

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Root Cause Analysis Explanation and Examples

Root cause analysis (RCA) is a collection of systematic approaches to determine the underlying cause of problems. Learn more about its approach and techniques.

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What is Progress Billing? Benefits & How to Implement

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.

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Power BI Dashboards: 10 Examples and Best Practices

Jumpstart your dashboard with these ten Power BI examples, then learn nine best practices for building a clean and concise design with actionable insights.

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What are the Types of Enterprise Systems?

The three main types of enterprise systems are enterprise resource planning (ERP), customer relationship management (CRM), and supply chain management (SCM).

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What Is Inventory Shrinkage? Formula, Examples, & Prevention

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.

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Types of Construction Billing & Best Practices

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.

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What is a Work Order? A Guide on How They Are Used

A work order is a document or request detailing tasks, materials, & instructions for a job or project. Learn about the different types and more.

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7 Bar Graph Alternatives and When to Use Them in BI Reporting

With a wealth of data visualization software available, learn how to take advantage of the chart types that will bring your data to life.

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6 Design Examples in Business Intelligence

The 6 fundamental design elements include: BI dashboards · KPIs · Historical trending · Segmentation (treemaps) · Variance (line charts, bar graphs) · Table graphics

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What is Business Intelligence?

Business intelligence is a technological infrastructure that compiles, parses, and turns data into actionable information. Learn how BI works and view examples.

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10 New Construction Technology Trends

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.

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Amortization vs. Depreciation: Key Differences

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.

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12 Popular ERP Features: List of Key Capabilities

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

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What Companies Use ERP Software?

ERP streamlines processes, empowers decision-making, and provides real-time data. Read on for our top companies utilizing ERP like Amazon, Apple, and Walmart.

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Intro to Lawson ERP Software: History and Acquisition

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.

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What is Supply Chain Management?

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.

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What are Quality Standards? List of 14 Examples

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.

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What is Field Service Management (FSM)?

Field service management (FSM) refers to work performed off-site, such as in a residential or commercial location. It ensures remote technicians have support.

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What is a Quality Management System?

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.

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What Is Fleet Telematics and How Does It Work?

A vital part of fleet management, vehicle telematics provides a comprehensive overview of fleet performance using GPS tracking, dash cam recorders, and other sensors.

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Quality Compliance vs. Management: How Compliance Leads to Quality

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?

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What is EQMS?

How is an enterprise quality management system different from traditional quality management software? Learn what an EQMS can bring to your business.

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Top 100 Accounting Software Features

Discover what every accounting software package must have with this top 100 features list. Find Check Printing, 1099 Forms, Advance Payment Scheduling, and more.

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What is IIoT? Definition and Benefits of Industrial Internet of Things

The Industrial Internet of Things (IIoT) is an ecosystem of devices that monitor, collect, and exchange date while communicating through sensors via the internet.

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Quality Assurance vs. Quality Control: The Key Differences

Quality management methods include quality assurance (QA) and quality control (QC). Despite similarities, they use different methods to improve your company's output.

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What is a Manufacturing Execution System (MES)?

Gain a better understanding of the manufacturing execution systems (MES) and software which make it possible to turn raw materials into finished products.

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What Is Construction Quality Management?

Construction quality management combines quality assurance and control to ensure tasks are to specifications and budget, and up to quality and safety standards.

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The Top Lean Manufacturing Tools and Techniques

Lean manufacturing tools are anything meant to reduce waste or increase productivity during production. Learn about the ideas, benefits, and goals each tool offers.

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How to Calculate OEE

The OEE formula is applied by multiplying Availability, Performance, and Quality percentages. Explore formulas, examples, and OEE software usages.

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Demand Forecasting: Methods, Types, and Examples

Demand forecasting is the process of developing the best possible predictions of future consumer demand. Find which forecasting method works best for your business.

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Demand Planning vs. Supply Planning

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.

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What is a CMMS and How Does it Work?

Computerized maintenance management systems (CMMS) streamlines maintenance operations at all sorts of businesses. Improve your maintenance work with CMMS.

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History of Dynamics GP: 1980s and Microsoft Acquisition

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.

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CMMS vs. EAM: What’s the Difference?

EAM systems cover the entire asset lifecycle while CMMS is limited to asset maintenance management. Learn more about their different functions and features.

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15 Experts Share Their Best Practices for Marketing to Small Businesses

Access actionable tips for improving your effectiveness connecting with a key B2B market demographic: small businesses.