According to that document, the internal auditors must provide the Board with a mechanism to systematically review and evaluate the adequacy and effectiveness of the entity’s processes, systems and operations. The audit area must be in tune with the objectives…
Fixed Asset Management: The Main Concepts
Thanks to the process approach, it is possible to manage the entire life cycle of a fixed asset: acquisition planning, purchase or creation, commissioning, inspection, maintenance, repairs, disposal and liquidation. To do this, there is a class of tasks for…
A Brief About Retail Audits
Each system and responsible for making decisions throughout your company continually depends on the information about what has been sold, where and at what price. So, to boost performance throughout your company, what type of information should you be working…
6 Keys To Inventory Management In Logistics
It is necessary to have an efficient administration to have proper management of the inventory in logistics. This allows determining the ways and times of delivery of the goods that a company sells. Although each company is different, and many…
What Is The Store Audit Of A Point Of Sale?
In retail, the performance of store audits, commonly called Store Audits, is an indispensable element to ensure proper organization and verify the operation of commercial activity in physical establishments. Regardless of the number of stores, audits are a way to…
What Is Asset Management And How Long Does It Take?
The asset management are forms of investment by savers entrusted to specialized companies (banks, investment firms, asset management companies) in the construction and management of an investment portfolio. The delegation takes place through a management mandate; asset management is aimed…
How To Increase The Utility Of Your Company With Inventory Control
Inventory is the heart of any company that markets tangible products regardless of size. Maintaining a stock that allows you to fulfil all customer orders in a timely manner is essential to achieve the sales goals of the company, remember…
Consequences Of Poor Inventory Control Of A Company
Administrative errors These failures occur without bad intent on the part of the employees. Still, they can bring problems to the company without wanting to. A common mistake is to forget to register the output of products. On the one…
Benefits Of Hiring Inventory Management Services
We can define inventory outsourcing such as counting outsourcing and periodic verification of material stocks (movable and immovable property) that a company has, in order to verify the degree of effectiveness in material handling systems, method of storage, use of…
Why Asset Management Is Important For Any Company?
Active management helps companies and maintenance planning organizations achieve a reliable response to business needs. In addition, it does not focus so much on doing actions on the assets, but rather on generating value through the assets, that is, it…