Retailers who rent a store space within a shopping mall are required to submit a percentage of their monthly sales to the mall management as part of their rental cost. This requirement is referred to as the Gross TurnOver(GTO) and it is usually listed within the standard lease agreements when malls lease out their shop space. Why Must You Submit…
The Singapore Institution of Management (SIM) has stood as the country's leading private education and lifelong learning institution ever since its establishment in 1964. For 58 years, it has provided private tertiary education and professional training for many, attracting more than 220,000 members in the process. To manage the huge membership database, the institution needed a robust and effective membership…
Learn How Unit of Measure Simplifies Inventory Management Buy And Sell In Different Unit Knowing how many of an item is easy. However, the complexity comes in when you are in the retail or distribution trade. For example, if you place an order of Coca-cola with your supplier, you don't send them a Purchase Order [PO]Â to buy 100 cans of…
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