Supply Chain and Inventory Management: Best Practices
Department of Supply and Storage
ITEM 4: Department of Supply or Storage focuses on:
- Purchase: Buying supplies for the company, from production inputs to cleaning equipment and office supplies, taking into account the price, delivery, payment terms, etc.
- Storage: Location of stocks waiting to be used. The store’s features depend on the characteristics of the goods. It can also be used to store goods at another stage of the production process.
- Warehouse Management: Inventory management. Orders set the
Understanding Accounting Law and its Impact on Businesses
Accounting law comprises a set of rules and documentation governing the activity of entrepreneurs and their results, expressed in monetary terms. It encompasses accounting, bookkeeping techniques, the meaning of entries or book entries, and the documents (traditionally books) in which these are manifested.
Such standards, as structural elements of a company and the status of the employer, are of a heterogeneous nature, belonging to different bodies of law. Therefore, we discuss their legal nature:
Read MoreUnderstanding Assets: Checks, Promissory Notes, and Bills of Exchange
Assets
Claims are documents that incorporate a literal and independent law that can be enforced by the carrier legitimately against the debtor up to the date of maturity. Claims are also known by the name of securities, circulatory effects of commerce, etc. The elements that constitute the receivable are mainly two:
- The paper as a material is the same.
- The obligational relationship is depicted in it, which is its economic content.
These two elements give rise to meeting the debt, not only is it the
Read More