What is Variance Analysis? Definition, Explanation, 4 Types of Variances

It provides insights into sales performance and facilitates effective resource allocation and strategy adjustments. Cash flow variance compares actual net cash flow and projected net cash flow. Analyzing cash flow variance provides valuable what is an implied warranty insights into a business’s liquidity and financial health, enabling better financial planning and decision-making. Whether you want…

What is ABC analysis? Improve your inventory management

The best way to categorize items by inventory type is to inventory classification review a master inventory list, then group items together logically. Such indirect inventories can be from the manufacturing process or even the selling, distribution or administrative purposes. For example, petrol or lubricants used in production are indirect inventories. And office supplies used…