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 focus and 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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