by Tim Dodge | Nov 19, 2024 | Purchase Orders
What are Purchase Orders in SimpleManufacturing™? A Purchase Order is a formal agreement between a buyer and a supplier of goods or services. It is vital for tracking inventory and costs and clarifying the procurement process. Purpose of a Purchase Order? Purchase...
by Tim Dodge | Dec 4, 2023 | Change Order Management
What Is Change Order Management? The two most common changes within the Manufacturing Industry are changes to a Bill of Materials and manufacturing workflow. Change Order Management documents the changes in the Bill of Materials or manufacturing workflow, followed by...
by Tim Dodge | Oct 8, 2023 | Employee Training Tracking
What is Employee Training and Requirements Management in Manufacturing and Service Industries? The manufacturing and service industries are complex work environments that require employees to possess skills and competency levels to perform the tasks for which they are...
by Tim Dodge | Aug 4, 2023 | Account Receivables
What is an Invoice in SimpleManufacturing™? An Invoice is a legal statement of monies owed to a business for products or services rendered. An unpaid Invoice with a remaining balance due amount is considered an Account Receivable. Unpaid Invoices increase the Account...
by Tim Dodge | Aug 1, 2023 | Account Receivables
What is an Account Receivable? The amount of money owed to the company from 3rd Parties for goods or services already rendered, and not yet paid for, is considered Account Receivables (AR). On the Balance Sheet, Account Receivables are listed as a Current Asset...
by Tim Dodge | Jul 28, 2023 | Accounts Payable
Payment of Bills The process of identifying what Bills to pay can be a daunting task. SimpleManufacturing™ simplifies this process by offering various accounts payable reports and three payment methods. Furthermore, SimpleManufacturing™ includes standard payment...
by Tim Dodge | Jul 13, 2023 | Accounts Payable
What is an Account Payabale, specifically a Bill in SimpleManufacturing™? A Bill is a statement of charges, typically from a supplier. An unpaid Bill is considered an Account Payable as it is a liability to the business. Purpose of a Bill? A Bill is used to identify a...
by Tim Dodge | Jun 7, 2023 | Accounting
What is Purchase Price Variance? Purchase Price Variance (PPV) is the difference between the Unit Price paid for a specific item within a purchase order line item and the “Standard Cost” of that item. An Item “Standard Cost” is typically...
by Tim Dodge | May 2, 2023 | Order Management
Converting Customer Purchase Orders into an Order within Business Software When Customers need products manufactured or services performed, they prepare a legally binding contract known as a Purchase Order or internally as a Customer Purchase Order. The content and...
by Tim Dodge | Feb 22, 2023 | Contract Review
Contract Review Management SimpleManufacturing™ Contract Review Module manages the review process for all Customer Purchase Orders. Contract Review for businesses in the Manufacturing and Service industries that are either ISO900x or AS9100 compliant or certified is...
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