What is a life cycle cost? Life cycle cost analysis is used to weigh how much spending must be funneled into a product for it to become profitable. With life cycle cost analysis, businesses weigh [...]
This post was written by SalesPad partner Technology Management Concepts. We’re delighted to share their insights on the how cloud ERP can bring huge advantages to a growing company. Improving [...]
What is channel sales? Channel sales refer to when a third party steps in to sell your product for you. This selling strategy frequently exists alongside other sales channels, such as direct [...]
What is a Test Environment? A test environment (also called a sandbox or demo environment) is a setup where a team can run test cases without influencing live data. They are frequently used to [...]
What is jidoka? Jidoka is the term for when human judgement is paired with automation in a system or piece of equipment, with the intent to catch problems right away. Another word for jidoka is [...]
An inventory item is an inventory item, right? And assemblies are for high school. It’s as simple as that. Obviously, this isn’t the case. What might not be so obvious, though, is how [...]
What is a break-even point? A break-even point is the point at which your sales volume matches the overall cost of doing business. At this point, your business is neither profitable nor [...]
What is zone picking? Zone Picking is an order picking technique where warehouses and SKUs are organized into different zones. Employees work within assigned zones, picking all items located in [...]
What is radio frequency identification (RFID)? Radio frequency identification, or RFID, is the use of radio waves to transfer data. RFID tags are applied to inventory items, boxes, and [...]
A simple Google search for EDI transaction codes is enough to make your head spin. All of the different numbers, codes, and acronyms can quickly become overwhelming. But that’s where we [...]
