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Just-in-Time (JIT) delivery is a strategy that has gained widespread popularity among businesses looking to streamline their operations and minimise waste. By aligning production schedules closely with customer demand, JIT delivery enables companies to reduce inventory levels, cut costs, and improve efficiency. Poll results In our most recent LinkedIn poll, we asked our followers what […]

Document control and document management are two terms that are often confused easily. Both have different purposes within a business – document management being a system in which documents are safely stored, archived, and controlled. Meanwhile, document control is more towards compliance and regulations where the security of documents is involved. Through proper and systematic

The accounting cycle is a systematic process that businesses use to record, classify, and summarise financial transactions. This cycle ensures that financial statements are accurate and complete, providing a clear picture of the company’s financial health. Here’s a breakdown of the key steps involved in the accounting cycle. What are the steps involved in the

Query management in accounts payable refers to the systematic handling of enquiries and disputes related to invoices, payments, and other financial transactions. These queries can come from suppliers, internal departments, or other stakeholders. They may involve issues such as payment discrepancies, missing invoices, or clarification on payment terms. In a modern accounts payable environment, query

The Order-to-Cash (O2C) cycle is crucial for maintaining healthy cash flow and ensuring business operations run smoothly. However, inefficiencies in this process can lead to delays, lost revenue, and customer dissatisfaction. Here are seven signs that your O2C process may be deficient and in need of improvement. 7 Red Flags To Watch For In Your

A purchase order (PO) is a critical document in procurement, formalising the agreement between a buyer and a supplier. It clearly defines what the buyer intends to purchase, including quantities, prices, and delivery terms. Here’s a breakdown of how to create a purchase order. How To Create a Purchase Order 1. Identify the Need The