Business Management > EXAM > CONTROL OF SLOW- MOVING ,OBSOLETE AND REDUNDANT STOKE (All)
CONTROL OF SLOW- MOVING ,OBSOLETE AND REDUNDANT STOKE
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Sale involves assigning a price to the item(s) and publicising the items availability for sale and the price in a suitable manner. This may range from a newspaper advertisement to a general email noti... ce. To ensure a fair price is paid, an independent person (outside the Entity concerned and with appropriate expertise e.g. Information Technology Services in the case of computers) should be involved and confirm that the sale price is appropriate. Prospective buyers should be given adequate opportunity to inspect the goods prior to sale. Collection or forwarding of the goods is normally contingent on the presentation to the Entity of evidence of payment of the sale price. The item may on receipt of an offer, be sold to the first person to make such an offer. Slow moving inventory is generally defined as stocks or products that stay in your storage room or warehouse for a certain period of time. While the classification of what can be considered slow moving varies depending on the product or industry, most organization already consider stocks that have not shipped within 90 days as a slow moving. [Show More]
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