If something is made to order, it means that a company has manufactured it to customer specifications. We use this term to describe an item that a seller has manufactured to meet a specific set of requirements. Some people use the abbreviation MTO. We can write the term with or […]
Author: financial Terms
What is a magazine? Definition and examples
A magazine is a periodical of general interest. A periodical is a publication that appears periodically, that is, at regular intervals. Most of them are published once a month, but some can be weekly, biweekly, biweekly, or quarterly. Originally, publishers only printed them, but today they also exist in electronic […]
Top 5 Sales Forecasting Definitions Every Salesperson Should Know
You need a sales forecast if you want to set goals and plan for the upcoming financial year. Leaders use data analytics to predict future sales because they cannot predict the future. Be honest; Prediction is difficult, especially when dealing with complex sales situations with many factors to consider. Unfortunately, […]
What is Lean Manufacturing? Definition and Examples
Lean manufacturing, a production method, involves speeding up production systems. The goal is also to reduce the response time from the manufacturer or supplier to the customer. Lean manufacturing and JIT . manufacturing Lean manufacturing is closely related to JIT or just-in-time manufacturing. “It’s an inventory system that eliminates large […]
What is the Pharmaceutical Industry? Definition and Examples
The pharmaceutical enterprise is all approximately the discovery, improvement, production, and sale of pharmaceutical merchandise. Examples of pharmaceutical merchandise are capsules and vaccines. The phrase `capsules`, on this context, way medicinal drugs. Wikipedia says the following about the industry: “The pharmaceutical enterprise discovers, develops, produces, and markets capsules or pharmaceutical capsules […]
Flight API: Definition & Importance in the Travel Industry
Over the years, the journeying enterprise has significantly emerged as one of the quickest growing areas. The advent of diverse clever software program generation answers has modified the whole commercial enterprise technique withinside the enterprise. By assisting and contributing to handy journeying, answers like Flight API have end up one […]
What is a Fintech Application? Definition and Examples
A fintech utility is a form of software program utility designed to automate and digitize economic offerings. Fintech apps are merchandise of the fintech enterprise, which integrate finance and generation to enhance the get entry to to economic offerings and compete with conventional economic institutions. Fintech programs offer easier and […]
What is a Background Check? Definition and Examples
A historical past test is a system that verifies someone`s identity, work, crook, and academic records. Background assessments for ability employees, tenants, and members Employers, landlords, and a few institutions for example, normally perform a historical past test earlier than figuring out whether or not to hire, lease to, or […]
VIN Check – definition and meaning
A VIN (Vehicle Identification Number) take a look at is a method of verifying the records and contemporary situation of a selected automobile via way of means of the use of its specific identity wide variety. This take a look at may be achieved via diverse on-line offerings or via […]
What Is a CMS? Definition and Meaning
The term “CMS” is brief for “Content Management System.” A CMS is a kind of software program that makes a internet site work, and it basically has jobs. The first activity is to offer an interface for the internet site`s proprietor to feature and replace content material, and the second […]