The warehouse is the hub of the production process. The maintenance of warehouse stocks allows the planning and supply of the production, on the other hand, the immediate satisfaction of the customer’s needs. An inventory management system is essential to…
Inventories are related to all the goods involved in the operating cycle of a company either to be consumed or to be sold as-is or at the end of the production process. Good stock management will help meet future needs.…
Unfortunately, many construction companies that do not have programs for inventory, experience any of the following problems: Lack of communication between departments It is very common among companies with several branches or warehouses. The buying process is multi-person dependent, and…
A fixed assets register is a list of all the assets held by a company that is intended to be used for business purposes and have not been sold off for profit. Such an item is required by law for…
Fixed assets represent an important part of the balance sheet, and their monitoring is, therefore, a major issue for companies. From purchase to disposal, a company needs to master the accounting treatment, monitoring, and management of these fixed assets. Fixed…
In a company, the management division is very important, such as – marketing management, production management, the notion of asset management. As it is known, assets in a company are not only in the form of goods, but also human…
When you own a business, there are many things you need to manage – attract and retain customers, maintain high-quality products or services, manage staff – and at the same time oversee the day-to-day business tasks that keep your company…
Most companies have a wide range of fixed and liquid assets, so cost-effective implementation, management, maintenance, upgrading, and disposal of assets are essential to achieve the highest possible return on investment. In addition, there are now new opportunities to significantly…
In its second year, the pandemic is taking its toll on the global economy and the impact on businesses has not been long in coming as they struggle to regain their inventory levels. We know that maintaining an optimal level…
Storage is an essential operation for the company since it consists of intelligently placing stocks of goods, finished or unfinished products, and raw materials in the storage space. Inventory management ensures that the goods available are kept in good condition,…