It is incomprehensible that so many companies be they large or small fail
to keep an adequate control of their inventories. Similarly companies neglect
to rigorously police their receivables.
Whilst Management consistently push for increased sales performance, the
question of housekeeping is often put on the back burner or it would appear
totally neglected.
It is a truism that no business deal is complete until the invoiced funds
are in the seller’s bank account.
This begs the question: how comfortable are you with your stock and debtors
controls?
A worthwhile exercise would be to review operating systems now rather
than adopt the let’s hope for the best style of management.
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