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A safety checklist is used in a warehouse to help ops managers to recognize safety hazards, so that they can take the necessary precautions to prevent accidents at the workplace. With warehouse employees facing numerous problems like very stressful environments, hazardous materials, and repetitive motions, a warehouse safety checklist has become a critical tool of […]

Inventory has numerous processes and activities associated with it, including inventory stock valuation. What Is Stock Valuation? It is an accounting process performed by businesses to establish the monetary value of the stock that lies unsold in the business at the time of preparing financial accounts. It also helps in calculating the turnover ratio of […]

Every organization, whether a business or nonprofit requires assets for its daily functions and operations. It is important to maintain them in a good condition so that you get optimal returns on your investment in those assets. What is a Fixed Asset? A fixed asset is immovable, and used by businesses to help generate income, […]

What is a CRM? Customer Relationship Management is a software that helps businesses manage interactions between potential and existing customers. It contains detailed information about customers in a database that helps businesses engage better, and support marketing and sales activities, among other things. The main goal of a CRM solution is to help nurture and […]

A Warehouse Management System is a software solution that helps to make the end-to-end supply chain operations more efficient. It helps in tracking the exact location of each product from the time it enters the warehouse till it is packed and sent to its onward destination. When the different partners in the supply chain are […]

Enterprise Resource Planning is a software tool that is revolutionizing the way businesses function in every industry across the world, and the banking sector is no different. Banking operations have undergone a sea-change thanks to consumer expectations, and software is a major factor facilitating the change. What is an ERP for Banks? ERP for banking […]

Payroll processing is one of the most important and complex business processes. SMEs tend to use manual methods and spreadsheets or outsource it to a professional; however, both methods are susceptible to numerous errors. ALSO READ: Need of Having HR & Payroll Management Software in SMEs What is Payroll? It is the process that involves […]

Every business has to know clearly, what its financial standing is, at the end of the financial year. For this, several books of accounts are maintained, and at the year-end, financial documents like trial balance, profit, and loss statement, and the balance sheet are prepared. What Is a Balance Sheet? A balance sheet is a […]

Any business that depends on asset output, would benefit from implementing a robust asset management software. It can locate your assets almost instantly, reduces expenditure, and quickens maintenance activities. Manual methods can also do this task, but operations heavily reliant on assets need an advanced digital tool to simplify the job and ensure there are […]

Managing a project, even a small one, needs acumen, patience, and of course, support from the rest of the team. Project managers face a number of challenges in their job, some of them with the potential to make a project fail. Proper management of resources, keeping pace with the project, ensuring it stays within the […]