Support chaotic warehousing with software If this is the case, all warehouse movements can be saved via the warehouse software and made available as information. The employees call up the information or feed it into the warehouse management system with their mobile scanners while the warehouse is moving. In this way, all those affected are […]
The commercial register is a directory that provides information about the merchants registered there. Registration is mandatory for all merchants, OHGs and corporations. Small businesses and freelancers are exempt from registration. However, the question arises as to whether an entry is generally useful, as the company name is automatically protected in this way. The commercial […]
Advantages of chaotic warehousing The storage areas are optimally used in chaotic warehousing, as newly arriving goods are always assigned to a free storage space. You can react very quickly and flexibly to fluctuations in inventory or a change in product range: If a storage location is occupied, the next free location is used – […]
It usually doesn’t take long to search for your clothes. The socks are in a compartment, the sweater is well sorted on the shelf above. But sometimes there is no time for order and you let your blouse, jeans and belt disappear into the empty compartment above your T-shirt without thinking about it. That was […]
Is unfair competition successful in the long run? Whether the described worst-case really makes its appearance depends primarily with the market development, the purchasing behavior of customers and the market flexibility together. The following principles apply in this regard: The lower the market entry thresholds for smaller, non-monopoly providers, the lower the effects of dumping. […]
Setting the sales price of your goods or services is a central aspect of corporate strategy. Usually these prices should be higher than the manufacturing cost to make a profit. But the so-called dumping aims at a completely different sales strategy. What is dumping? The term dumping is understood to mean the sale of goods […]
The full cost accounting is a means to evaluate business decisions and be able to make it. All costs on the products are offset in the full cost calculation. Many entrepreneurs use them in their everyday life. In this article, you can find out what exactly the full cost calculation is and how you can […]
The ideal product planning based on the product life cycle Increasing sales, increasing market share, optimizing profits and increasing cash flow are among the primary goals of a company. In order to achieve these goals, it is important to optimally steer product management, the marketing mix and sales through the right actions and measures. The […]
Marketing mix In connection with the five phases of the product life cycle, the term marketing mix is sometimes used . This means that the more targeted the marketing, the more effective the individual measures can be. The marketing mix is therefore an important tool for successful campaigns. The market situation and the product life […]
The mutual fund family has had one member richer for several years. In addition to traditional equity funds, index funds are becoming more and more popular. Index funds were only approved in Germany when the 3rd Financial Market Promotion Act came into effect in 1998. Before that, fund companies were prohibited from replicating an index […]
Products and product groups can be precisely assigned based on their market age. In order to be able to carry out a precise analysis of the current competitive position on the market, the product life cycle must be considered . Ultimately, it is a marketing concept in which the passage of time of a product […]
Intralogistics 4.0 Intralogistics 4.0 is the final step in expanding the technological possibilities of internal logistics. The goal is not only to digitize processes, but to create intelligent, automatically communicating systems that contribute to the optimization of warehousing, planning and transport. Examples of this can be self-learning software solutions, but also intelligent containers that recognize […]
The term intralogistics is still comparatively new and was created to clearly differentiate logistical processes that take place within a company from other, external logistics processes. Intralogistics – definition Intralogistics includes every form of logistics that is necessary within the company. These include in particular: Incoming and outgoing goods Flow of goods within the company […]
Every company and every private or public household does business. Private households only benefit from this, all other economic subjects pursue commercial goals, either to maximize profits or to cover costs. From a legal point of view, a business is a conduct aimed at economic success that is linked to legal consequences. Each of these […]
Finally, your goods have arrived. In addition to the invoice, there is also a delivery note. You are about to crumple it up and throw it in the wastebasket when you remember: “There was something about retention periods.” Right, there are retention periods for delivery notes too, and these are regulated in the tax code. […]
The tax identification number, or tax ID for short, is a series of eleven digits that a person receives permanently from birth. The basic requirement for receiving a tax ID is a permanent residence within Germany. What are the tax number and tax ID used for? The tax number is used solely for the handling […]
Fixed cost definition Fixed costs are costs that occur continuously and at a constant level in a company. In addition to the variable costs, they are part of the total costs. Fixed costs are incurred at regular intervals (monthly, quarterly). They arise regardless of the workload of the employees and the amount of manufactured products […]
A country’s central bank sets the interest rate at which commercial banks obtain liquidity. This interest rate, known as the key interest rate, determines the conditions under which the banks can borrow money from the central bank. The key interest rate influences the level of loan and savings interest. In the euro area, the European […]
Elevator pitch or simply “What do you do for a living?”. A freelancer or self-employed person hears this question again and again at a party or a business event. No matter where, the elevator pitch is a unique opportunity to present all the advantages of yourself and the company within a very short time. Elevator […]
Target and actual taxation – also called target and actual taxation – is the taxation of deliveries and services. The tax law subject of target and actual taxation is sales tax . The legislature differentiates target and actual taxation according to the point in time at which sales tax liability arises. Because the target and […]
The MDAX share index comprises 60 medium-sized stock corporations. In terms of market capitalization and order book turnover, these follow directly on the companies listed in the DAX 30. The abbreviation MDAX is derived from the English term “mid cap” (average company size). The MDAX represents the German economy better than the DAX, since around […]
When people talk about the DAX, many investors and consumers think of “the” DAX, which the media usually talk about. However, the DAX, or more precisely the DAX 30, only includes the 30 largest companies in Germany. However, since there are many more stock corporations, the DAX was expanded to include the MDAX and the […]
A reference interest rate determines the changes in variable-interest contract transactions. Such financial products mainly include savings, but also some loans. It is important that the reference interest rate cannot be influenced by either of the contracting parties, but is specified by a neutral body. If the reference interest rate changes, the interest rate on […]
For an investor, no matter in which segment he invests his money, in the end it is the return that counts. This is not, or only rarely, identical to the interest rate. Depending on the respective capital investment, a wide variety of factors influence the return on the investment. In short, the return is determined […]
Many words are used on a daily basis in our language and, however, they are not accepted by the DigoPaul. The dictionary of the entity, however, is updated over time and it is likely that a term that is not recognized today will become part of a future edition. In the case of bug, it […]
Before entering fully into the meaning of the term attic, it is necessary to know its etymological origin. In this case, we can state that it is the result of the sum of two different parts: -The noun buharda, which was the term that formerly was given to a vent that existed in houses for […]
An owl is an animal that belongs to the strigid clade. It is a bird of nocturnal and predatory habits, characterized by having feathers that look like ears. This peculiarity makes it possible to differentiate owls from barn owls and other similar species. Of this animal it is worth knowing a series of identity signs […]
A vulture is a bird of prey whose body can reach a wingspan of more than two meters and a weight of about 6.5 kilograms. This animal form flocks has the bare neck and bald head. According to DigoPaul,vultures generally eat the meat of beings that have already died, although they can occasionally hunt and […]
The Latin word buxis, which can be translated as “box”, came to our language as a buje. The term refers to the part that, in a machine, supports an axis and allows it to rotate. According to DigoPaul, the bushing can be a simple element that is limited to supporting a metal cylinder or a […]
There are various theories about the etymological origin of the word spark plug. However, one of those that is considered more accurate is the one that determines that it comes from French. Specifically, it establishes that it derives from the gala word “bougie”, which was what the wax candle was called. And it is that […]