How to Control Logistics Cost?

How to Control Logistics Cost? The cost reduction process is only possible by dividing the total cost into two main categories which are Variable cost and Fixed Cost. 

Fixed Cost includes Electricity, management overheads, rent of warehouse & vehicle, inventory carrying cost, handling cost, etc.

Variable Cost includes labor pay, transportation cost, material movement cost, packaging cost, labor overtime, the maintenance cost of vehicle and warehouse, etc.

The main factor to control the logistics and warehouse is to control your overheads of variable and fixed which organizations can do for cost reduction strategy to sustain their cash flow by considering the following areas:

• Labor
• Loss of stock
• Distribution cost
• Material Packaging
• Utility cost

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https://businessquora.com/how-to-control-logistics-cost/

What is the Relationship Between Accounting and Finance

Accounting 

Accounts refer to the bookkeeping of transactions which has been occurred, to maintain and record the past financial data, classification, capturing, summarizing, analysis, reporting, and presentation of financial transactions is called Accounting

Finance

Finance refers to the future planning of funds, risk calculation, and management, Capital/investment planning, future growth of the organization, forecasted revenue, sales & profit, etc. Cash flow management, decision making, payments are also part of Finance

Relationship between Accounting & Finance

The major difference in Accounting and Finance is the historical analysis done in the area of accounting and future planning is done in Finance.

The goal of accounting is to create a set of financial statements that represent accurately the financial standing of a company, at some moment in time, so they look at the economic transaction that has occurred up to this point. Accounts deal with all kinds of really complicated problems and they find ways to solve those problems when you have a complicated organization.

Read the full article on below:

https://businessquora.com/what-is-the-relationship-between-accounting-and-finance/