Inventory Management

How to calculate Inventory Cost?   Below image gives an idea on the components that are required to arrive at the Finished Goods costing and also how to calculate the Inventory costing.  Here we are making an attempt to explain the inventory cost and how its calculated etc?   Recently we spoke few Customers, who are worried […]

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Value Added Tax (VAT) is a Sales Tax collected by the Government of the state where the goods or services is bought by the consumer. It is a tax on the final consumption of goods or services which is borne by the end user or the consumer. VAT is levied on value addition at each […]

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Balance Stock – Recently we met a prospect, who is into manufacturing of OEM items.  He was looking for an ERP solution on could that helps him to streamline his process. This is a 40+ yrs old company and at one stage enjoyed a profit margin of 25%. A discussion with company’s Director explained the […]

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