Where’s the family silver?

It is incomprehensible that so many companies be they large or small fail to keep an adequate control of their stock holdings.

 

Similarly companies neglect to rigorously police their receivables.

 

Whilst management consistently focus and push for increased sales performance in their pursuit of turnover/ market share, 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.