Examlex
Firms may discover that, rather than adapting ERP to the way they do business, they have to adapt the way they do business to accommodate the ERP software.
FOB Destination
A shipping term indicating that the seller bears transportation costs and risk until the goods reach the buyer's location.
Net Income
The amount of money remaining when all operating expenses, interests, taxes, and preferred stock dividends have been deducted from a company's total revenue.
Ending Inventory
The value of goods available for sale at the end of an accounting period, calculated for use in financial statements and inventory management.
Perpetual Inventory System
An inventory management system where updates are made continuously as transactions occur.
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