What is Business Intelligence?
Before we dive into the details of a Business Intelligence (BI) Software, you must be wondering if this is something for you. Right?
If not, why would you be interested in
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Wiki
What are Chatbots (a.k.a. Virtual Agent)?
Have you heard of Chatbots? Do you know how can Chatbots help you grow your business? Do you know that chat bots is part of the artificial intelligence (AI) revolution?
In
What is Natural Language Processing?
In order to understand the need for Natural Language Processing (NLP), let's go through a scenario.
Let's say, a lot of companies, especially in the heavy industry, want to improve the
What is Machine Learning?
Have you guys ever wondered how Facebook is able to perform facial recognition? Or how companies are able to bombard you with the products all over social media? Have you
What is a Stock Keeping Unit (SKU)?
Stock Keeping Unit or commonly known as SKU is the number or reference number that is used to keep track of inventory goods.
Wikipedia explains it as follow:
"In the field of
What is Computer Vision?
Computer vision is a field of artificial intelligence that is concerned with the automatic extraction and analysis of useful information from images. This technology being impressive in its own right,
4 Benefits of 3PL – 3rd Party Logistics?
Uѕing a third-раrtу logistics (3PL) vendor can be a great wау to improve уоur buѕinеѕѕ in a variety оf wауѕ. Thе benefits оf this rеlаtiоnѕhiр саn potentially include some cost
What’s the difference between UPC, SKU and the Serial Number of a product?
Did you know that UPC, SKU, and Serial Number are three different unique identifier code? In case you haven't realised by now, than let's make it clear from the start,
What is Robotic Process Automation (RPA)? Automate your Business
Robotic process automation (RPA) is a tool that relies on the use of software with artificial intelligence (AI) capabilities to handle high-volume, repeatable tasks that is usually required by humans
What is Cycle Counting?
Cycle counting is basically a process where you look at all of your items and you decide how many times you want to be counting these items per year. Based
Manufacturing Suspense / Pool Accounting
Pool Accounting
Pool Accounting is an accounting term for manufacturing, the process usually relies on a temporary account before the cost of manufacturing is re-allocated correctly.
The temporary account can be called
What is a Stock Card?
In First In First Out (FIFO) accounting, transactions can be quite complex and it can get messy if not managed properly. Hence, one option of keeping track of inventory is
Journal Entries
Recording transactions and using them as investigative tools is nothing new. In fact, this is a common exercise in accounting practices. Nearly all transactions are recorded as Journal Entries and
What is ‘Backflush Costing’?
According to Investopedia, Backflush Costing is a concept that is used in the production or inventory management.
"It is a product costing system generally used in a just-in-time inventory environment. Instead
What is Customer Relationship Management (CRM)?
There are many apps and systems that you may have seen mentioned in articles and blogposts about your business and how to improve it. They look like alphabet soup if