What is Managerial Accounting? Functions, Tools, PDF included
Managerial accounting is the process of analyzing financial data and generating relevant information to support internal decision-making within an organization.
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Industrial engineering
Operations Research: Evolution, Process, Characteristics, and Pros & Cons, [PDF Inside]
Operations research (OR) is a field of applied mathematics, engineering, and management science that deals with the application of advanced
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What is Organizational Behavior (OB)? [PDF Inside] Origin, Evolution, Theories, Purpose, Example, 3 Levels, Importance, Application, Advantages, Disadvantages
Organizational behavior (OB) is the study of how individuals, groups, and structures interact within an organization. It is a multidisciplinary field that draws on concepts and theories from psychology, sociology, anthropology, economics, and management to understand and explain human behavior in the workplace.
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What is Benchmarking? [PDF Inside]Process, Importance, 6 Types Value Cycle, Objectives, Advantages, and Disadvantages
Benchmarking is the process of measuring and comparing the performance of an organization, process, or product against a set of established standards or best practices. It involves identifying and analyzing the practices and performance metrics of other organizations that are recognized as leaders in a particular industry or field, with the goal of improving the performance of the organization being benchmarked.
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What is Pricing? Types of Pricing Strategies, PDF
Pricing is a process of setting the value that a manufacturer will receive in the exchange of services and goods. If manufacturers set prices too high, they miss out on valuable sales. Set them too low, and they miss out on valuable revenue.
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Product Packaging: Requirements, Functions, Types, Packaging Methods.
Product Packaging is the art and science of preparing goods or product for transport and sale. Packaging is the means of ensuring safe delivery of the product to the ultimate customer in sound condition at a minimum overall cost.
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Enterprise Resource Planning (ERP): [PDF Included] Types, Advantages, Disadvantages, Modules, Features
Enterprise Resource Planning (ERP) is a software-based process used by companies to manage and integrate core operations like finance, HR, supply chain, procurement, supply chain, services, manufacturing, etc.
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Manufacturing Resource Planning (MRP II): [PDF Inside] Elements, Advantages, Disadvantages, MRP I VS MRP II
Manufacturing Resource Planning (MRP II) is a technique for the effective planning of all manufacturing resources of a company. It enables manufacturers to develop a precise production schedule for the future that minimizes expenses and maximizes the utilization of available resources.
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ABC Analysis: Example, Benefit, Drawbacks, Implementation, [PDF inside]
ABC analysis is an inventory management approach that controls the value of inventory items based on their usefulness to the business. ABC usually ranks items on demand, price, and risk data, and inventory managers group items into classes based on those principles so that business leaders can understand which products or services are most crucial to the financial profit of their business.
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Asset VS Liability |Difference between Asset and Liability
ny tangible or intangible economic resource that is owned or controlled by an individual, a company, a government or an economic entity for accounting purposes with an expectation to produce positive economic value and benefit in the future, is called an asset.
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