Buying and Stock Control Procedures in an Engineering Company

Abstract

Inefficiencies in buying procedures, the recording of receipt of goods, and stores and stock control can multiply insidiously in an expanding business, especially where the company has embarked on a policy of product diversification or perhaps is drifting less purposefully into such diversification. What seem on the face of it to be no more than minor expenditures on clerical procedures may well be tying up substantial amounts of capital, with all the costs which that implies.