For example, the insurance agency receives commissions and fees earned on the sale of an insurance policy. After that, the net premiums belong to general agents or insurance companies, depending on the agency’s structure. Insured parties have the right to return premiums if their insurance policy is canceled before its expiration date. Similarly, finance companies […]
Month: September 2020
What Is a Bill of Materials? Components, Purpose & Types
It provides a display of all items that are in parent-children relationships. When an item is a sub-component, of a (parent) component, it can in-turn have its own child components, and so on. The resulting top-level BOM (item number) would include children; a mix of finished sub-assemblies, various parts and raw materials. How to optimize […]