The cold chain refers to the management of temperature for perishable products or vaccines to maintain safety and quality from production to consumption. The cold chain is a crucial part of various industries, from farms to retail, labs to doctors, ensuring that...
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Manage a Retail Business
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Returning of Stock to Supplier
A. Return Claims There are various reasons why stock at the business unit has to be returned to the supplier. After negotiating with the supplier, a computerised claim is processed to remove the stock from the business unit records (receipt vouchers have already been...
Check that Stock Levels are Up-to-Date and Accurate
A. Procedure to be Followed in the Monthly Balancing of Stock The point of work manager or an appropriate member of staff is responsible for the planning and scheduling of a year programme for the monthly balancing of stock and for coordinating the programme. This...
Plan and Organise Resources Required to Determine Stock Levels
A. Purpose of Stock Control The purpose of stock control is to maintain the most economic stock levels while meeting the budgeted turnover rates and considering the amount sold in each season. B. Resources Needed for Stock Control The prescribed resources, such as a...
Confirm that Sales Transactions have been Correctly Finalised
A. Opening and Closing a Terminal The person responsible switches the terminal on or off according to the procedures applicable to the computer system used at the point of business. B. Processing Sales 1. Sales on account require information on: Membership...