It is incomprehensible that so many companies be they large or
small fail to keep an adequate control of their inventory levels and stock
turn. Similarly companies adopt a less than rigorous approach in respect of
their receivables.
The focus of many managers’ remains firmly fixed on achieving
increased sales performance. As a result 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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