Purchasing & inventory
Three-Way Matching: Checking Purchase Orders, Goods Receipts and Supplier Invoices
How three-way matching checks purchase orders, goods receipts and supplier invoices, how to set tolerances, and a worked example with UAE VAT.
Resources
Purchasing & inventory
Purchasing & inventory
Supplier Evaluation: Scoring Vendors on Price, Delivery and Quality
How to score suppliers on price, delivery and quality with weighted criteria, OTIF and rejection rates, a worked scorecard and checks for new suppliers.
Purchasing & inventory
Stock Transfers Between Warehouses and Branches: Keeping Every Location Accurate
How to run stock transfers between warehouses and branches in two steps, with goods in transit, a worked example, the VAT point and a daily routine.
Purchasing & inventory
Cycle Counting vs Annual Stock Count: Which Keeps Inventory More Accurate?
Cycle counting vs an annual stock count: how to set up ABC cycle counts, measure inventory accuracy and handle differences, with a worked example.
Finance & accounting
FIFO vs Weighted Average Cost: Choosing an Inventory Valuation Method
FIFO vs weighted average cost under IAS 2: how each method works, a worked example with rising prices, which suits your business and the UAE tax point.
Purchasing & inventory
Supplier Portals: Cutting Email Back-and-Forth on Quotes, Orders and Invoices
What a supplier portal should do: quotes, order confirmations and invoice uploads, with a worked example in SAR, e-invoicing points and a buyer checklist.
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