Operating Cycle & Cash Cycle: Definition & Calculations

28 Mar 2021

Operating Cycle & Cash Cycle: Definition & Calculations https://youtu.be/OxWwS_q89mM How can a business owner know how long it takes to make money on purchased supplies or products? In this lesson, we\'ll examine the two different methods for calculating the length of time it ...

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Purchase Requisition: Definition & Process

26 Mar 2021

Purchase Requisition: Definition & Process https://youtu.be/dGbCirdGShA This lesson explains what a purchase requisition is, how it is used, and the role it plays in accounting controls. All the process of using a purchase requisition is explained in this video. What Is a Purchase ...

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Warehouse Management Systems Types and Benefit

25 Mar 2021

For many companies, goods sit in warehouses before they are sold. In this lesson, we\'ll look at how companies keep track of their inventory in warehouses using warehouse management systems. What is a Warehouse Management System? Have you ever been shopping for clothes and found the perfect outfit, but it\'s just not ...

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Vendor-Managed Inventory: Benefits & Drawbacks

24 Mar 2021

Some businesses keep their shelves stocked with a 3rd party vendor to manage their inventory. Both businesses and vendors benefit from this type of arrangement, but things can still go wrong. today, let us learn more about the benefits and drawbacks of vendor-managed inventory system Imagine that you are the ...

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Steps in the Material Requirements Planning Process

24 Mar 2021

Businesses need to coordinate purchasing, manufacturing, and delivery to customers. To help them, many use a material requirements planning system, or MRP. In this lesson, we\'ll explore what an MRP is and the steps in the MRP process. Material Requirements Planning lets that an ...

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Item Master File Definition and Explained

19 Mar 2021

Item Master File Definition and Explained In this lesson, you will see what an item master file is and why it is so useful. You\'ll learn what kinds of information are contained in an item master file and how the information can ...

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