Materials Purchasing & Inventory Control
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Many businesses invest thousands of dollars in inventory yet make no attempt to monitor purchasing procedures or account for any part of the inventory value. It is not uncommon to discover that the value of the inventory is greater than or out of ratio with working capital, and even though the relationship between current sales to inventory may be satisfactory, poor purchasing procedures and excessive inventory have resulted in heavy, unexpected and untimely losses.
When management pays no heed to the necessity for control of inventory, it will always find itself in a position where cash is tight. To ensure that cash is not tied up in excess inventory caused in part by ineffective purchasing, implementation of the Materials Purchasing & Inventory Control program:
Business Performance Optimized