Vendor management includes negotiating contracts, choosing vendors, lowering vendor-related risks, adding vendor-related approvals, reconciliation, and controlling costs. Read this blog to know how you can manage vendors efficiently.
What is Employee Turnover? Employee turnover is the number of…
What is Fixed Pay? Fixed pay is the monthly compensation…
Vendor payments are an important part of the procurement cycle,…
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Dearness Allowance is calculated as a fixed % of basic salary & is completely taxable. This allowance is paid to the central government employees in India.
Definition of Enterprise Resource Planning (ERP) Enterprise Resource Planning (ERP)…
What is Strategic Cost Management? Strategic cost management is the…
What is a Proforma Invoice? A proforma invoice is a…
What is a Goods Received Note (GRN)? A Goods Received…