Overview of HRIS

Cash flow forecasting is a crucial aspect of financial management for any business. It involves predicting the inflow and outflow of cash over a period of time, typically on a monthly or yearly basis. This feature is designed to help businesses stay on top of their finances by providing a clear understanding of their cash position in the near future. One of the key benefits of cash flow forecasting is that it allows businesses to plan and budget accordingly. By predicting the cash inflows and outflows, it becomes easier

Inventory forecasting is a powerful software feature that helps businesses accurately plan and predict their inventory needs. It is a crucial tool for companies that deal with large quantities of products and need to keep track of their stock levels. One of the main functions of inventory forecasting is to analyze past sales data and market trends to forecast the demand for a particular product. This enables businesses to make informed decisions about how much inventory to order and when to order it. By anticipating demand, businesses can avoid stock shortages and the cost

The process of procuring, maintaining, utilizing, and distributing a company's inventory is referred to as inventory management. This comprises the storage and processing of raw materials, components, and finished goods and the administration of raw materials, components, and final products. Balancing the hazards of inventory gluts and shortages is especially difficult for organizations with complicated supply chains and manufacturing processes. To achieve these balances (MRP), firms have developed many inventory management strategies, including just-in-time (JIT) and materials requirement planning, to achieve these balances (MRP). Because a corporation typically wants to sell its finished goods within a short time, typically a year, inventory represents a current asset. Before inventory can be included in a balance sheet, it must be physically counted or measured.