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Back-office Software
Retail back-office software is used to manage business operations that are not related to direct sales efforts and interfaces that are not seen by consumers. Typically, the business processes managed with back-office software include some combination of inventory control, price book management, manufacturing, and supply chain management (SCM). Back-office software is distinct from front-office software, which typically refers to customer relationship management (CRM) software used for managing sales, marketing, and other customer-centric activities. Back-office software solutions have evolved with the emergence of cloud-based software as a service (SaaS). Several back-office software providers offer cloud-based services that simplify and streamline back-office management functions, particularly for companies with multiple locations. These simplified platforms have given companies an alternative to business process outsourcing (BPO), which involves handing over the management of a com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inventory Control
Inventory control or stock control can be broadly defined as "the activity of checking a shop's stock". It is the process of ensuring that the right amount of supply is available within a business. However, a more focused definition takes into account the more science-based, methodical practice of not only verifying a business's inventory but also maximising the amount of profit from the least amount of inventory investment without affecting customer satisfaction. Other facets of inventory control include forecasting future demand, supply chain management, production control, financial flexibility, purchasing data, loss prevention and turnover, and customer satisfaction. An extension of inventory control is the inventory control system. This may come in the form of a technological system and its programmed software used for managing various aspects of inventory problems, or it may refer to a methodology (which may include the use of technological barriers) for handling loss preve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Invoice Processing
Invoice Processing : involves the handling of incoming invoices from arrival to payment. Invoices have many variations and types. In general, invoices are grouped into two types: 1. Invoices associated with a company's internal request or purchase order (PO-based invoices) and 2. Invoices that do not have an associated request (non-PO invoices). Most organizations have clear instructions regarding the way that they should process incoming invoices. It is common to have one approach for PO-based invoices, and another for non-PO invoices. Some companies also have unique requirements based on the type or dollar amount of a transaction. In general, both types of invoices are processed by a company's accounts payable department. The process in which a supplier invoice is validated and paid is also known as the purchase-to-pay cycle. Typical Process The process usually begins when a supplier's invoice is received. Invoices can be sent via email, postal mail, fax, or EDI. Once an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Outright
Outright was an accounting and bookkeeping application that assists small businesses and sole proprietors with managing their business's income and expenses. It also provided them with a means to organize and categorize expenses for filing a Schedule C.By Mickey Meece, New York TimesOn to Plan B: Starting a Business Retrieved March 25, 2010.By Kathy Yakal, PC Magazine Review of OutrightAccounting & Tax Retrieved March 25, 2010. It was acquired by GoDaddy in 2012 for approximately $20 million and has been rebranded as GoDaddy Online Bookkeeping. In May 2022, GoDaddy announced the software would be discontinued on June 18, 2022. History Kevin Reeth and Ben Curren worked together at Intuit in 2006 and then later at a web-application firm called Esomnie LLC. As a Product Manager and Software Engineer respectively, the two were heavily involved in the development and marketing of Quicken products. Curren and Reeth had become increasingly frustrated with the complexity of doing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Software As A Service
Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software. SaaS is considered to be part of cloud computing, along with infrastructure as a service (IaaS), platform as a service (PaaS), desktop as a service (DaaS), managed software as a service (MSaaS), mobile backend as a service (MBaaS), data center as a service (DCaaS), integration platform as a service (iPaaS), and information technology management as a service (ITMaaS). SaaS apps are typically accessed by users of a web browser (a thin client). SaaS became a common delivery model for many business applications, including office software, messaging software, payroll processing software, DBMS software, management software, CAD software, development software, gamification, virtualization, accounting, collaboration, customer relationship management (CR ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Intuit
Intuit Inc. is an American business software company that specializes in financial software. The company is headquartered in Mountain View, California, and the CEO is Sasan Goodarzi. Intuit's products include the tax preparation application TurboTax, personal finance app Mint.com, Mint, the small business accounting program QuickBooks, the credit monitoring service Credit Karma, and email marketing platform Mailchimp. more than 95% of its revenues and earnings come from its activities within the United States. Intuit offers a free online service called TurboTax Free File as well as a similarly named service called TurboTax Free Edition which is not free for most users. In 2019, investigations by ProPublica found that Intuit deliberately steered taxpayers from the free TurboTax Free File to the paid TurboTax Free Edition using tactics including Search engine privacy#Delisting and reordering, search engine delisting and a deceptive discount targeted to members of the military. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zara (retailer)
ZARA () is a Spanish multi-national retail clothing chain. It specialises in fast fashion, and sells clothing, accessories, shoes, beauty products and perfumes. The head office is in Arteixo, in A Coruña in Galicia. It is the largest constituent company of the Inditex group. In 2020 it was launching over twenty new product lines per year. History Early history Zara was started by Amancio Ortega in 1975. His first shop was in central A Coruña, in Galicia, Spain – where the company is still based. He initially called it ''Zorba'' after the classic 1964 film ''Zorba the Greek'', but after learning there was a bar with the same name two blocks away, rearranged the letters to read "Zara". It is believed the extra ''a'' came from an additional set of letters that had been made for the company. It sold low-priced lookalike products of popular, higher-end clothing fashions. He opened more shops in Spain. During the 1980s, he changed the design, manufacturing, and distribution pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stochastic Model
In probability theory and related fields, a stochastic () or random process is a mathematical object usually defined as a family of random variables. Stochastic processes are widely used as mathematical models of systems and phenomena that appear to vary in a random manner. Examples include the growth of a bacterial population, an electrical current fluctuating due to thermal noise, or the movement of a gas molecule. Stochastic processes have applications in many disciplines such as biology, chemistry, ecology, neuroscience, physics, image processing, signal processing, control theory, information theory, computer science, cryptography and telecommunications. Furthermore, seemingly random changes in financial markets have motivated the extensive use of stochastic processes in finance. Applications and the study of phenomena have in turn inspired the proposal of new stochastic processes. Examples of such stochastic processes include the Wiener process or Brownian motion process, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Probabilistic Model
A statistical model is a mathematical model that embodies a set of statistical assumptions concerning the generation of sample data (and similar data from a larger population). A statistical model represents, often in considerably idealized form, the data-generating process. A statistical model is usually specified as a mathematical relationship between one or more random variables and other non-random variables. As such, a statistical model is "a formal representation of a theory" ( Herman Adèr quoting Kenneth Bollen). All statistical hypothesis tests and all statistical estimators are derived via statistical models. More generally, statistical models are part of the foundation of statistical inference. Introduction Informally, a statistical model can be thought of as a statistical assumption (or set of statistical assumptions) with a certain property: that the assumption allows us to calculate the probability of any event. As an example, consider a pair of ordinary six-si ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Association Of Convenience Stores
The Association For Convenience & Fuel Retailing (NACS) was founded August 14, 1961, as the National Association of Convenience Stores. Today it is an international trade association representing more than 2,100 retail and 1,600 supplier company members. NACS member companies do business in nearly 50 countries worldwide, with the majority of members based in the United States. The association serves the convenience and filling station industries by providing industry knowledge, connections and advocacy to ensure the competitive viability of its members' businesses. NACS defines a convenience store as a retail business that provides the public with a convenient location to quickly purchase a wide variety of consumable products and services, general food and gasoline. While not a fixed requirement, convenience stores have the following general characteristics: # Building size of fewer than . # Off-street parking and/or convenient pedestrian access. # Extended hours of operation, w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Franchising
Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses some or all of its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee. In return, the franchisee pays certain fees and agrees to comply with certain obligations, typically set out in a franchise agreement. The word ''franchise'' is of Anglo-French derivation—from , meaning 'free'—and is used both as a noun and as a (transitive) verb. For the franchisor, use of a franchise system is an alternative business growth strategy, compared to expansion through corporate owned outlets or "chain stores". Adopting a franchise system business growth strategy for the sale and distribution of goods and services minimizes the franchisor's capital investment and liability risk. Franchising is rarely an equal partnership, especially in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Reporting
Business reporting or enterprise reporting refers to both "the public reporting of operating and financial data by a business enterprise," and "the regular provision of information to decision-makers within an organization to support them in their work." It is a fundamental part of the larger movement towards improved business intelligence and knowledge management. Implementation often involves extract, transform, and load (ETL) procedures in coordination with a data warehouse and then using one or more reporting tools. Reports can be distributed in print form, via email or accessed via a corporate intranet. With the expansion of information technology there has been an increase in the production of unified reports which join different views of an organization in one place. This reporting process involves querying data sources with different logical models to produce a human-readable report. For example, a decision maker may need to query a human resources databases and a capita ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Workflow Management
A workflow consists of an orchestrated and repeatable pattern of activity, enabled by the systematic organization of resources into processes that transform materials, provide services, or process information. It can be depicted as a sequence of operations, the work of a person or group, the work of an organization of staff, or one or more simple or complex mechanisms. From a more abstract or higher-level perspective, workflow may be considered a view or representation of real work. The flow being described may refer to a document, service, or product that is being transferred from one step to another. Workflows may be viewed as one fundamental building block to be combined with other parts of an organization's structure such as information technology, teams, projects and hierarchies. Historical development The development of the concept of a workflow occurred above a series of loosely defined, overlapping eras. Beginnings in manufacturing The modern history of workflows ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
