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Managing the Supply Chain Risks with a 4 (Four) Step Approach

Managing the Supply Chain Risks with a 4 (Four) Step Approach For Your Business’ Supply Chain Management

Leave a Comment / Supply Chain /

Supply chain risks pose significant challenges to organizations worldwide. Disruptions in the flow of materials, information, or finances can wreak havoc on business performance, customer satisfaction, and overall reputation. To safeguard against these threats, it becomes crucial for businesses to proactively identify and prioritize the most critical supply chain risks they face. By doing so, […]

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daily cycle counts and reconciliation of inventory variances

Daily cycle counts and reconciliation of inventory variances

Leave a Comment / Asset Management, RFID /

Inventory cycle counting is a method of frequently conducting physical counts of your inventory on a daily, weekly or monthly basis. This allows businesses to identify and reconcile data discrepancies in inventory records to ensure proper financial reporting processes.  In this article, we will explore the importance of mastering inventory cycle counting for effective accounting

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How MRO Inventory Management software is revolutionizing Supply Chain operations

How MRO Inventory Management software is revolutionizing Supply Chain operations

Leave a Comment / Asset Management, RFID /

Among the critical components of supply chain management is the effective handling of MRO (Maintenance, Repair, and Operations) inventory. With advancements in RFID technology, MRO inventory management software has emerged as a game-changer, revolutionizing how businesses optimize their supply chain operations. This article explores the significant benefits of adopting MRO inventory management software and its

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Unlocking the Value of Fixed Asset Advisory for the Financial Reporting of Fixed Assets

Unlocking the Value of Fixed Asset Advisory for the Financial Reporting of Fixed Assets

Leave a Comment / Asset Management /

Ensuring accurate representation of fixed assets in year-end financial statements is crucial for organizations. While many may confidently believe their fixed assets are accurately reported, audits can reveal discrepancies. Conducting regular inventories of fixed assets and performing reconciliations play a vital role in establishing internal controls for precise financial reporting. The financial reporting of fixed

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Did You Have Fun With Your Manual Fixed Asset Inventory and Tagging?

Did You Have Fun With Your Manual Fixed Asset Inventory and Tagging?

Leave a Comment / RFID /

Does it still make sense to manually account for, track and manage fixed assets? Well, frequently conducting an enterprise asset inventory and tagging is mandatory. However, manually collecting and reporting data on fixed asset existence using barcodes and spreadsheets can be automated to RFID Tracking.  How does RFID Technology Helps Speeding up Data Collection? As

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How to Find Losses In Your Distribution Center (DC) with RFIDs

How to Find Losses In Your Distribution Center (DC) with RFIDs

Leave a Comment / RFID /

In distribution centers (DCs), lost shipments can have a significant impact on the bottom line. Identifying and minimizing losses is crucial for operational efficiency and profitability. Fortunately, Radio Frequency Identification (RFID) technology provides a powerful tool to help DCs uncover and address potential sources of loss. By implementing RFID systems, businesses can gain real-time visibility

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Exploring RFID Possibilities in Supply Chain Unlocking Total Stock Visibility

Exploring RFID Possibilities in Supply Chain: Unlocking Total Stock Visibility

Leave a Comment / RFID /

In today’s fast-paced business landscape, supply chain management plays a crucial role in determining the success of an organization. Efficiently managing inventory and ensuring stock visibility are critical factors that can significantly impact the bottom line. This is where Radio Frequency Identification (RFID) technology comes into play, offering unprecedented possibilities for businesses to optimize their

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uma imagem de destaque para um post de blog com o titulo A Guide to Complying with the IAS 16 - Property, Plant and Equipment

A Guide to Complying with the IAS 16 – Property, Plant and Equipment

Leave a Comment / Blog, IFRS /

Accounting for Plant, Property, and Equipment (PP&E) under the IFRS component approach outlines the steps involved in recognizing and measuring individual components, including identification, separate recognition, initial measurement, subsequent measurement, depreciation, impairment, and disclosure requirements.

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Fixed Asset Tracking Automation: What’s the role of RFID Systems in establishing higher data visibility for Fixed Asset Management?

Fixed Asset Tracking Automation: What’s the role of RFID Systems in establishing higher data visibility for Fixed Asset Management?

Leave a Comment / RFID, Asset Management /

RFID Technology and automation have been transforming fixed asset management for years. Embracing current technologies can ensure accurate fixed asset accounting records and drive your accounting control, whilst freeing up valuable resources and allowing your organization to scale efficiently.

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