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GAAP for Accounts Payable: What it is and why it's important

Precoro

Around the world, governments and regulatory bodies have established guidelines for companies’ accounting departments to follow when it comes to bookkeeping. Let’s take a look at how following standardized guidelines can benefit companies and, specifically, their AP departments. What is GAAP?

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Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

GlobalTranz

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. It measures the cost incurred by an organization to manufacture a quality product. Cost of quality. Supplier Quality Management: Risk Quantification.

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Freight Volume Rebounds to Pre-Pandemic Levels

Zipline Logistics

According to an article published in FreightWaves , “ Tender volumes are racing to the upside and are tracking positive year-over-year in May, albeit off of a depressed 2019 comparison. The state has allowed all facilities to reopen if they follow proper social distancing guidelines.?? . for vendors.?? . Mostly Open? . Montana ?

Freight 52
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Learn The Secret Psychology Of Price

ToolsGroup

Question 1: is it possible to manufacture prices & discounts? In some circumstances it can be advantageous to create discounts, even if manufactured, in order to push sales from a psychology point of view. Look twice. You save time, they make more money: an exchange of value. Is that even real?

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Five Foolproof Ways to Shorten the Cash Conversion Cycle

Precoro

The cash conversion cycle is a significant financial metric for retailers and manufacturing companies involved in buying and managing inventories and selling them to customers. If such comparisons reveal an unnecessarily long cash conversion cycle, companies should take measures to shorten it. Regularly monitoring inventory levels.

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Sustainability Certifications for SMEs: The Best Programmes

Unleashed

Sustainability certifications help consumers identify whether or not a product or manufacturer is sustainable. These certifications are voluntary guidelines and standards that address environmental, social, ethical, and food safety concerns. They must be values based with quantifiable guidelines and standards.

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Lean Six Sigma for SMEs: A Path to Continuous Improvement

SCMDOJO

Over the years, various methodologies have emerged to address this need, including lean manufacturing, Six Sigma, and the integration of both known as Lean Six Sigma (LSS). al (2006) delved into the experiences of ten SMEs in the UK that embraced lean manufacturing. But what separates successful ventures from those that falter?