Reskee Maluya

 1. ACCOUNTING AND FINANCE (A/F)

     Accounting and finance refer to the recording and analyzing of business activities. Understanding where your incoming and outcoming cashflow will help you make better decisions moving forward to avoid failure.

2. BUSINESS FUNCTION

       Business functions are the activities carried out by an enterprise; they can be divided into core functions and support functions. Core business functions are activities of an enterprise yielding income: the production of final goods or services intended for the market or for third parties.

3. BUSINESS PROCESS

     A business process, business method or business function is a collection of related, structured activities or tasks by people or equipment in which a specific sequence produces a service or product for a particular customer or customers.

4. ENTERPRISE RESOURCE PLANNING (ERP)

     Enterprise resource planning (ERP) is the integrated management of main business processes, often in real time and mediated by software and technology. ERP is usually referred to as a category of business management software—typically a suite of integrated applications—that an organization can use to collect, store, manage, and interpret data from many business activities.

5. FUNCTIONAL AREAS OF OPERATIONS

  Our high-tech systems are the result of a complex process in which many different functions and areas of operation coordinate and work together – and on this page, we provide a brief description of them. We are sure that you will find an interesting area which you can make even better with your experience, knowledge, and personality.

6. HUMAN RESOURCES (R)

   Human resources is the set of people who make up the workforce of an organization, business sector, industry, or economy. A narrower concept is human capital, the knowledge and skills which the individuals command. Similar terms include manpower, labor, personnel, associates or simply people.

7. INFORMATION SYSTEM (IS)

  An information system (IS) is a formal, sociotechnical, organizational system designed to collect, process, store, and distribute information. From a sociotechnical perspective, information systems are composed by four components: task, people, structure (or roles), and technology. 

8. INTEGRATED INFORMATION SYSTEM

   An integrated information system is a combination of software that combine different databases from various sources with data integration tools, visualization and models. For a complex area such as aquaculture, a single software becomes insufficient, or very complex and therefore very uncertain or undecidable.

9. MARKETING AND SALES (M/S)

   Marketing and sales are both aimed at increasing revenue. They are so closely intertwined that people often don’t realize the difference between the two. Indeed, in small organizations, the same people typically perform both sales and marketing tasks. Nevertheless, marketing is different from sales and as the organization grows, the roles and responsibilities become more specialized.

10. RAW DATA

     Raw data (sometimes called source data, atomic data or primary data) is data that has not been processed for use. ... Because of processing, raw data sometimes ends up in a database, which enables the data to become accessible for further processing and analysis in a number of different ways.

11. SAFETY STOCK

  Safety stock is an additional quantity of an item held in the inventory to reduce the risk that the item will be out of stock. It acts as a buffer stock in case sales are greater than planned and/or the supplier is unable to deliver the additional units at the expected time.

12. SALES FORECAST

   A sales forecast is an expression of expected sales revenue. A sales forecast estimates how much your company plans to sell within a certain time period (like quarter or year). The best sales forecasts do this with a high degree of accuracy.

13. STOCKOUT

   A stockout, or out-of-stock event is an event that causes inventory to be exhausted. While out-of-stocks can occur along the entire supply chain, the most visible kind are retail out-of-stocks in the fast-moving consumer goods industry. Stockouts are the opposite of overstocks, where too much inventory is retained. 

14. SUPPLY CHAIN MANAGEMENT (SCM)

       In commerce, supply chain management, the management of the flow of goods and services, between businesses and locations, and includes the movement and storage of raw materials, of work-in-process inventory, and of finished goods as well as end to end order fulfillment from point of origin to point of consumption.