Insights and Updates: Explore the Latest Trends, Tips.

Inventory is one of the most critical assets of a business, and it needs to be managed efficiently. Sufficient inventory is required on hand to meet production needs and fulfil customer orders. Too little, and you may need to pause production or delay shipping; too much, and you run the risk of high storage cost […]

Inventory is the most critical asset for a business, and managing it efficiently is essential for business success. Today we will examine what a UOM is and how you can track it. What is UOM in Inventory? An inventory UOM or unit of measure is the standardized measurement unit used to count stock items and […]

Cash flow refers to how much cash and other liquid assets like shares a business spends and earns over a specific period of time. The amount of cash on hand establishes how much flexibility a business has; the less cash you spend, the more space you have, and higher the valuation. It’s different from profit […]

Inventory is the most critical asset for a business; it is also vulnerable to theft, wastage, spoilage, and expiry. A stock audit is conducted to ascertain the ownership, accuracy, rights and realizable value of the inventory of a business. To maintain compliance with MIS reporting and to ensure an efficient book-keeping system, it is essential […]

Debit notes and credit notes are accounting documents used by businesses, with different purposes and recipients. They are not the same as invoices; these documents are used to let customers or buyers of goods know how much money they owe to the supplier, or how much credit they still have, and to let sellers know […]

Any business serious about growth would want to implement smart strategies for marketing and sales to stay competitive in the market. There are several ways they can try, but the most efficient and quickest method would be to use a robust ERP system. Sales include everything from communicating with the customer to tracking dispatched orders […]

Distribution management is a business challenge that needs to be effectively tackled to ensure proper growth. Raw materials being delivered earlier than required and getting damaged, or finished products arriving too late to fulfil consumer demand – both are potentially disastrous for business. To manage distribution successfully, you have to have a robust strategy backed […]

Inventory is the lifeblood of any business, and managing it properly is critical to smooth operations and business growth. There are various methods to manage inventory efficiently. An efficient ERP system with a robust inventory management module is a tool that most businesses rely on today. We hear a lot of terms in connection with […]

Whether at an individual level or for businesses and governments, human beings have always wanted to know the future. Soothsayers and astrologers, tarot card readers, palmists – all have been held in awe for centuries. Things are only slightly different today. Businesses want to know the future but have more scientific methods to make predictions. […]

Implementing an ERP is a time-consuming and disruptive venture, but it affords companies the means to redefine their strategic goals and improve their business processes. When you successfully implement an ERP system like Tranquil, it can spur innovation, improvement, enhanced collaboration, and overall efficiency in your organization. Centralizing data rather than maintaining it in silos […]