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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 healthy and profitable. This is a huge number of tasks and sometimes the leader’s focus…
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 improve resource reliability and efficiency through the use and availability of connected devices, sensors, large-scale…
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 of inventory is critical to the survival of businesses. Therefore, we prepare this article for…
An audit helps to identify new market segments, outline prospects, and assess the benefits of bringing new products to shelves, analyse new trends in changing consumer demand and activity. The retail audit company provides convenient analytical data based on the results of the audits conducted. They clearly show which errors and shortcomings have been fixed…
Over time, your business will experience ups and downs and developments. Especially if your business has been running for many years. This of course has an impact on the value of assets related to the business you are in. For this reason, it is necessary to evaluate the fixed assets owned by the company or…
Revaluation of fixed assets is the change in the value of the balance due to the change in market value. An investor’s decision to invest in a company is made based on special considerations. The ease of obtaining information makes anyone tend to care more about the company that they want to invest in. By…
Inventory management manages all items stored in the company. Have you ever felt that the food products you enjoy every day never run out? This is because the company uses a system to manage the existing inventory of raw materials so that the company is never in a state of running out of raw materials….
Sometimes if the company can’t manage its inventory whether it’s their own products or semi-finished goods and raw goods, it can hamper the process of making these goods or sometimes it can also hamper the implementation of the services offered by the company. This is why Inventory Management is important. Inventory consists of: Inventories of…
Within a company, there are a variety of situations that can affect one or more departments and, therefore, the performance of the company. It is important to analyse the situation your company is in and, in this way, locate the weakness that is affecting performance to reinforce it through business advice. These are the four…
In accounting, fixed assets come at historical cost. Over time, the value of assets changes, therefore, for the valuation of fixed assets, replacement or residual values are used. Fixed assets are used for a long time and their cost can significantly affect the indicators of the financial condition of the enterprise. However, due to inflationary…
