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The warehouse is the hub of the production process. The maintenance of warehouse stocks allows the planning and supply of the production, on the other hand, the immediate satisfaction of the customer’s needs. An inventory management system is essential to make production efficient. Inventories are used to cope with sudden and unforeseen fluctuations in demand….
Inventories are related to all the goods involved in the operating cycle of a company either to be consumed or to be sold as-is or at the end of the production process. Good stock management will help meet future needs. Good stock management is a factor of flexibility for the company. Indeed, stocks represent a…
Unfortunately, many construction companies that do not have programs for inventory, experience any of the following problems: Lack of communication between departments It is very common among companies with several branches or warehouses. The buying process is multi-person dependent, and approvals are not always submitted on time or completed until pending items become urgent. 👉🏽…
A fixed assets register is a list of all the assets held by a company that is intended to be used for business purposes and have not been sold off for profit. Such an item is required by law for some companies for tax purposes. Keeping a fixed asset register includes collecting detailed information about…
Fixed assets represent an important part of the balance sheet, and their monitoring is, therefore, a major issue for companies. From purchase to disposal, a company needs to master the accounting treatment, monitoring, and management of these fixed assets. Fixed assets are at the heart of the company’s accounting and financial management. Efficient management makes…
When you own a business, there are many things you need to manage – attract and retain customers, maintain high-quality products or services, manage staff – and at the same time oversee the day-to-day business tasks that keep your company healthy and profitable. This is a huge number of tasks and sometimes the leader’s focus…
Most companies have a wide range of fixed and liquid assets, so cost-effective implementation, management, maintenance, upgrading, and disposal of assets are essential to achieve the highest possible return on investment. In addition, there are now new opportunities to significantly improve resource reliability and efficiency through the use and availability of connected devices, sensors, large-scale…
In its second year, the pandemic is taking its toll on the global economy and the impact on businesses has not been long in coming as they struggle to regain their inventory levels. We know that maintaining an optimal level of inventory is critical to the survival of businesses. Therefore, we prepare this article for…
An audit helps to identify new market segments, outline prospects, and assess the benefits of bringing new products to shelves, analyse new trends in changing consumer demand and activity. The retail audit company provides convenient analytical data based on the results of the audits conducted. They clearly show which errors and shortcomings have been fixed…
Over time, your business will experience ups and downs and developments. Especially if your business has been running for many years. This of course has an impact on the value of assets related to the business you are in. For this reason, it is necessary to evaluate the fixed assets owned by the company or…
