The concept of supply and demand, first introduced by economist Adam Smith in the 18th century, refers to the relationship between the availability of a product or service (supply) and the desire or need for that product or service (demand) at a given price. This concept is based on a simple idea: when demand for a product increases and supply decreases, prices tend to rise—and vi...
The digital transformation and the tremendous advancements in information technology witnessed in recent decades have brought about a radical revolution in all aspects of human life. Among the sectors greatly affected is the field of accounting and administrative work, where manual processes have been replaced by integrated accounting systems and modern technologies.
Financial statements are a vital part of financial management and decision-making in companies and organizations. These statements provide detailed financial information about the company's financial performance over a specific period, helping to understand how funds, resources, and the economic performance of the company are being represented.
By using the...
Final accounts are considered an essential part of the financial and accounting processes carried out by companies and institutions at the end of each financial year. The final accounts provide accurate and comprehensive financial information about the company's performance and business results during the financial year. Through these statements, a comprehensive financial anal...
With the immense advancements in technology and the increasing volume of data being created and stored daily, it has become essential to seek advanced and effective solutions. Phenix Cloud is considered an innovative and comprehensive solution for data storage and management, offering a wide range of great features.
In this article, we will explore these featu...
In the modern pharmaceutical industry, the global GS1 barcode system is a vital tool that contributes to improving the pharmaceutical supply chain, ensuring its safety and distribution quality. The Phenix systems have been developed to integrate with the GS1 barcode system to differentiate pharmaceutical products and track them across the supply chain, providing accurate and compr...