What is ABC Analysis? The answer of the question falls in Inventory – Maintaining Inventory is the most challenging job and pain area of all the organizations. The organizations which are engaged in manufacturing process use this principal to handle their Inventory.
BOM stands for Bill of Material. This is the minimum quantity of all Raw Materials required separately for producing unit quantity of the product. BOM helps planning department in Raw Material procurement
The objective of Finance module in ERP. is to manage all financial activities robustly. If any ERP is tightly controlling Financial activities, it is serving its purpose. Normally small ERP systems do not have this module.
