Supply Chain and Logistics Definition A supply chain is a network of businesses and activities that takes a product from raw material suppliers to end consumers. By definition, logistics refers to the processes of acquiring, transporting, and storing resources along the supply chain and logistics. A supply chain, which relies heavily on information technology, logistics
Research and Development Definition Research and development (R&D) in business refers to activities geared towards new product development or current product improvement. It typically involves conceptualizing and designing new products and then tailoring them to meet the needs of the target market. R&D is often a line item on a company’s income statement. Technology and
See Also: Accounting Principles Subsequent Events Business Segments Accounting Changes Probable Losses Definition Probable losses disclosure or the disclosure of loss contingencies is usually a concern for ongoing litigation proceedings or perhaps the discontinuance of an operation that will likely see a loss when it is sold. This form of probable accounting falls under the
See Also: Periodic Inventory System Just In Time Inventory System How to Manage Inventory Days Inventory Outstanding Analysis Inventory Turnover Analysis Supply Chain and Logistics Perpetual Inventory System A perpetual inventory system is a continuously updated inventory management system. This type of system uses technology such as bar coding, computerized production operations, and perpetual inventory
See Also: Company Life Cycle Pricing Strategies Marking to Market Benchmarking Capitalization Market Positioning Definition What is market position? In marketing and business strategy, market position refers to the consumer’s perception of a brand or product in relation to competing brands or products. Market positioning refers to the process of establishing the image or identity
See Also: Technology Assessment Criteria How to Respond to an Imminent Disaster Threat Technology Strategy for Small to Medium Sized Companies How to Evaluate IT Systems How do You Know When it is Time to Buy New Software Data Communication Redundancy Many businesses today have mission critical communication and data sharing needs. Whether these needs
See Also: Capitalization Double Entry Bookkeeping Benchmarking Market Positioning Current Business Intelligence and Finance Approach Business Intelligence (BI) technology has evolved so much in recent history to bring the world more than just operational reports. Unfortunately, with all the capabilities that we have with Business Intelligence, firms are still following conventional wisdom in their implementation
See Also: Economic Order Quantity (EOQ) Sales Order Business Intelligence and Finance Mergers and Acquisitions (M&A) Delivery Order Definition The delivery order definition is the document which details the delivery information of an item, is very important in distribution. A delivery order is an important document in 2 ways: it has full details of how the
See Also: How to Evaluate IT Systems How to Choose a Software Dealer Technology Strategy for Small to Medium Sized Companies How to Ensure Redundant Data Communications Links How do You Know When it is Time to Buy New Software System Recovery – Modern Modern system recovery processes are complete solutions. It is designed to
See Also: Business Drivers Planning Your Exit Strategy Selling Your Business to a Private Equity Group Leadership Action Plan Business Driver Example Look at the following business driver example. Dan is the owner of a startup web development firm. He has done his initial research, written a business plan, and is prepared for the operations
Laura and I attended the UP Experience in Houston 2012 last week. For the past several years, a friend of mine had encouraged me to go. I finally decided to take his advice and sign up and I’m glad I did! Check out this photo from the event of Laura with Barbara Corcoran from ABC’s Shark Tank…
The Future of the Accounting Workforce “Firms who are hiring new accountants or accounting majors have to understand where the newer generations are “coming from,” as a Boomer (born 1946-1964) might say, to target a style that will bring out the next generation’s (the Millennial Generation’s) strengths and maximize their effectiveness. This involves discarding biases
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