Setting up of Inventory Systems
Having a sound and efficient Inventory Control system is in the wishlist of every manufacturer and trader as it affects both the top line and bottom line of the organisation in a significant manner. A good inventory system is one which enables the entrepreneur to identify inefficiencies in the Order to Sales cycle and helps the entrepreneur in reducing Normal and Abnormal wastage in the process of manufacture and Working capital requirement. The efficiency of production facilities is the key to survival of any manufacturing unit.
Having worked with clients in the business of manufacturing and trading for over 30 years, at AKG & Co. we have a vide experience in setting up efficient, simple & strong inventory accounting and control systems with and without various ERP systems available in the market.
A business strategy is the means by which it sets out to achieve its desired ends.
If you have been selected for a business audit, here is what you need to know.
Restructuring your company could restore its viability and improve its liquidity position.
Research helps you plan the best way to get your product from the manufacturer to the retail shelf. In addition to deciding which retailers should carry your product, you should determine where your inventory will be held.
Go to your team, and tell them you want to make a fresh start. Tell them you want them to enjoy their jobs more and get more done.
In this problem solving step, you will want to figure out what caused the problem, what the problem looks like at this moment, and the urgency of addressing the problem.