Gst Enable Accounting Software

With growing requirement of effective supply chain management, small to large businesses are becoming increasingly dependent on strategically locating their warehouses. Businesses prefer to keep their warehouses under strict supervision and spend substantially on manpower and inventory management. Despite the efforts, there are instances of mismanagement due to human negligence or wrong practices and processes. The probability of these mishaps multiply in case a business has multiple warehouses located geographically apart. Coordination between the warehouses and keeping all the information aligned becomes vital. To get expert help on choosing the best Online GST Compliant Inventory ManagementSoftware for your business visit https://alignbooks.com There are several factors which affect an organization operating through multi-location warehouses. The one having the highest impact is human interface between the warehouses. The supervisors or managers rarely meet and...

In management, the ABC analysis is categorization technique used for finished products, or any other items lying in inventory or customers into three categories. ABC analysis divides a range of objects into three categories- A - outstandingly important; B - of average importance; C - relatively unimportant as a basis for a control scheme. Each category can and sometimes should be handled in a different way, with more attention being devoted to category A, less to B, and still less to C.  Here, we will discuss ABC analysis particularly in the context of inventory. However similar analysis can be practiced for other range of objects like customers, employees etc. The ABC analysis provides a mechanism for ascertaining items that will have a significant impact on overall inventory cost while also providing a mechanism for identifying different categories of stock that will require different management and controls. Popularly known as the "80/20" rule ABC concept is appl...