Sampling Design

The researchers will apply the probability sampling method using random sampling. First, the researchers will get the Securities and Exchange Commissions list of registered ALL-YOU-CAN-EAT buffet restaurants. Using a random table, 5 respondents will be chosen. The researchers will also use judgment under nonprobability sampling. In this method, the researchers or some other "expert" uses his/her judgement in selecting the units from the population for study based on the populations parameters.

Gathering of Data
Before conducting the interview, the researchers will prepare and formulate an interview guide or questionnaire which will be based on the theoretical background. The questionnaires will be given to the persons to be interviewed only on the day of the interview to make sure that answers given by them are correct and true. All the interviews will be conducted personally. In conducting the research, the background of the researchers as well as the purpose of the study will be disclosed and also the aspects of anonymity and confidentiality will early be covered. As supplementary information, the researchers will use books, publications, websites, and other sources whenever it is needed to do so. PART I. SME PROFILE Direction !lease put a checkmark "
$

# that corresponds to your answer.

%hat is the company&s legal status'

o o o o

(ole !roprietorship !artnership )orporation *ther ")ooperative, Association, etc.#

%hat is the company&s age' o o +ess than one year , year - . years

o o o
$

/0,1 years ,,021 years 3ore than 21 years

4ow many partners5directors does the company have' o o o o *ne to 6our 6ive to eight 7ine to Twelve Thirteen or more

%hat is the range of your Total Assets annually' 6rom o o o 0 8p to ,.,111,111 ,11,111,111

9,111,111 0 ,.,111,11, 0

*thers, please specify :::::::::::::::

4ow many employees do you have' 6rom 0 8p to o o o o ,1 2/ ., 0 2. 0 .1 0 ,11 *thers, please specify :::::::::::::::

%hich growth segmentation your company belongs' o o o ;rowers0 (3< employers that had increased the numbers employed more than last year (table0 (3< employers that had the same numbers, or who employed fewer employees than ,2 months previously (hrinkers0 (3< employers that had decreased the numbers employed more than last year

4ow do you plan to achieve growth' o o Increase skills of the workforce Increase turnover by e=ploiting new markets

o o o o
$

>educe costs by increasing the productivity of workers Develop and launch new products5 services <mploy more staff Increase the leadership capability of managers

4ow capable do you feel your business is in performing a number of tasks which are usually considered important to running a successful business'

!eople management, such as recruitment and delegation'

o(trong o6air o!oor Developing and implementing a business plan and strategy' ?(trong o o o *perational improvement, e.g. adopting industry best

6air !oor

practice'

o o o

(trong 6air !oor

8sing formali@ed business systems such as customer information records'

o o o

(trong 6air !oor

Developing and introducing new products and services'

o o o

(trong 6air !oor

<ntering new markets'

o o o

(trong 6air !oor

10

Accessing e=ternal finance

11

o o o

(trong 6air !oor

12

%hat is the Initial )apitali@ation of your enterprise'

13

6rom

8p to

14

o o o o

!.11,111

!2,111,111

!2,111,11, 0 !.,111,111 !.,111,11, 0 !,1,111,111 *thers, please specify :::::::::::::::

15

%hat is the Average 3onthly Income of your business' ::::::::::::::::::

16

%hat are the goods 5foods you *ffer'

17

:::::::::::::::::::::: :::::::::::::::::::::: :::::::::::::::::::::: :::::::::::::::::::::: :::::::::::::::::::::: :::::::::::::::::::::: :::::::::::::::::::::: :::::::::::::::::::::: :::::::::::::::::::::: :::::::::::::::::::::: :::::::::::::::::::::: :::::::::::::::::::::: :::::::::::::::::::::: :::::::::::::::::::::: :::::::::::::::::::::: ::::

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%hat is5are the obstacle5s your company is5are facing that prevents you from attaining your goal'
o o o o o o

The economy Ta=ation )ash flow )ompetition >egulations *btaining finance

PART I. RESPONDENTS PROFILE

7ame ::::::::::::::::::::::::::::::::: %hat is your position' A B 3anager A B *wner A B Accounting 4ead A B (taff A B *thers, please specify :::::::::::::::

PART III. INVENTORY MANAGEMENT AND FRAMEWORK +egend . - (trongly Agree "(A# C - Agree "A# 9 - 8ndecided "8# 2 - Disagree "D# , - (trongly Disagree "(D#

D8<(TI*7( Are receiving, issuing, accounting and storing responsibilities properly segregated' 4as management taken the appropriate steps to safeguard goods against risk of loss by theft "e.g., goods kept in locked buildings, rooms, or cages, access to which is granted only to authori@ed

19

personnel#' Are inventory records reconciled "and differences e=plained# to Advantage reports on a regular basis' ")urrent inventory is adEusted at year0end by fiscal year0end physical counts.# Do departments compare quantities received against receiving reports, etc.' Is material released from storerooms only on the basis of requisitions which are approved by a responsible official of the department' Is adequate provision made for obsolete and inactive items in inventories' Does management monitor and approve the write0offs of obsolete and inactive inventories' %here details are kept as to value, are they reconciled to general ledger controls at reasonable intervals "at least annually#' Are all classes of inventory items physically counted annually "triennially if there are perpetual records#' Do procedures for physical counts provide for a. Adequate written instructions' b. Adequate supervision' c. )learly marking damaged and obsolete inventory' d. 8se of pre0numbered tagswhich are accounted for' e. The counting of the items and access to the tags only by employees who are not responsible for custody of the particular items' f. The rechecking of counts and descriptions "dual counts# where perpetual records are not maintained and where variations from the perpetual records are significant' g. )areful investigation of significant overages and shortages' h. !rompt adEustment of records for inventory discrepancies after approval by a responsible official other than stores personnel' i. >ecording counts on permanent inventory count sheets' E. The signing and dating of inventory count sheets by the person supervising the count' k. !roperly accounting for goods thatare consigned in and out' Does management review the reconciliation of physical inventory counts to the inventory records' Are adequate provisions made for cut0off of receipts and issues' If applicable, are issuing and billing procedures designed and correlated so as to ensure the billing of all items' Is there physical segregation and proper accounting control of merchandise on hand that is not property of the entity' Is adequate insurance coverage provided'

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Procurement of Raw Mater a!" Are your supplies acquired from one supplier' A B Are supplies acquired on a credit basis rather than cash basis' A B

. A B A B

C A B A B

9 A B A B

2 A B A B

Are purchases facilitated based on the inventory count and record' A B Are your >aw materials will be purchased locally'

A B

A B

A B

A B

A B

A B

A B

A B

A B

Do you prefer Imported raw materials than local materials' A B Do you purchase raw materials at a volume to avail discount' Are your materials bought at high quality'

A B

A B

A B

A B

A B A B

A B A B A B

A B A B A B

A B A B A B

A B A B A B

Do you acquire your supplies near the business premises to reduce transportation cost' A B Are your supplies acquired at fi=ed time interval, e.g. every two days, every week and every A B month' Do you do confirmation of raw materials in supplies to check whether the materials are enough to meet company&s demand' Are long contracts signed to ensure steady quantities'

A B

A B

A B

A B

A B

A B

A B

A B

A B

A B . A B

A B C A B

A B 9 A B

A B 2 A B

A B , A B

Do you use Fust0in0time strategy in inventory'

Stora#e Are e=piration dates of raw materials monitored' A B Is the storage area well0maintained to avoid harmful elements such as rats, cockroaches, etc.' A B

% A B A B A B A B

&

' A B A B A B A B

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Are materials properly ventilated in the storage area'

A B

A B A B

A B A B

A B A B

A B A B

Do you have adequate storage facilities for finished goods inventory' A B Does your company have proper stocking arrangements for each inventory' A B Is 6irst0In, 6irst0*ut "6I6*# method used in inventory' A B

A B A B

A B A B

A B A B

A B A B

A))! ca*!e on!+ to Per)etua! In,entor+ S+"tem" Are detailed perpetual inventory records periodically reviewed for slow0moving items' Is a perpetual inventory system "including quantities and value# in use as to all maEor classes of inventory' Are perpetual inventory records updated promptly' Are the postings to the perpetual inventory records made promptly from a. !re0numbered, signed receiving reports' b. Issue requisitions' Are additions to perpetual inventory records referenced to supporting invoices to insure easy verification of the records' Are inventories taken without prior reference to quantities on perpetual records'

&

'

In,entor+ -ontro! Is inventory adequately safeguarded' Do you classify your products in terms of one or more factors availability, volume, value, quantity, e.g. availability is a main concern if suppliers have to deliver the product upon order'

. A B

C A B

9 A B

2 A B

, A B

A B Are classifications of product visually checked before ordering' Are Inventory levels recorded for all items' Is there a record for the total inventory cost of all items stocked' A B A B A B

A B A B A B A B

A B A B A B A B

A B A B A B A B

A B A B A B A B
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Interna! -ontro! Are proper protection of Inventory done to prevent deterioration and theft' "<.g. fenced area, restricted access storerooms.#

A B

A B

A B

A B

A B

Are the duties of the Inventory )ontrol !ersonnel properly segregated according to purchasing, receiving, and recording A B function' Are inventory control personnel responsible for controlling transfer0in and transfer0out of storage area' Are inventory control personnel responsible for monitoring inventory levels and reporting slow moving or damage items' A B Do you count your monthly physical inventory at least once a month for all items' A B Are the difference between the physical counts and perpetual records investigated, accounted for and approved' A B Do you continually update cost records and reconcile it with general ledger control accounts on a regular basis' A B Is the cost record maintained by employee independent from perpetual records, internal control and general accounting' A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

A B A B

A B A B

A B A B

A B A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

PART IV. PRO.LEMS EN-O/NTERED AND PROPOSED SOL/TIONS Pro*!em" Encountere0

% A B A B

&

' A B A B

Is the cost of the implementation of inventory management higher than the benefit received' A B Is their proper supervision in the implementation of inventory management' Are there e=cessive inventory in stock' and 3akes you unable to move it quickly enough' Are there written policies and procedures for inventory management'

A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

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Do you foresee raw materials shortages ahead of time' A B A B A B A B A B

Does internal control appear adequate for the inventory system overall' Pro)o"e0 So!ut on" Do you review the entire inventory procurement system to see where improvements can be made - this includes logistics, lead0times, material handling, buying incentives, supplier selection, replenishment routines, etc.' $ % & ' (

A B Do you pay constant attention to inventory and fi= the array of small problems that inevitably occur before they compound into large problems' A B Does your company establish an e=cess inventory control program' Do you gather accurate information for the operations of the business and use it in establishing a set of policies, rules, and regulations to bind the available information efficiently' A B Does each department administrator assign someone to be the inventory custodian for the department' Does your company practice proper segregation of duties within your employees' Does your company have a supervisor in charge of inventory management to look over your inventory on a regular basis to make sure enough materials are in stock' A B

A B

A B

A B

A B

A B A B

A B A B

A B A B

A B A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

A B

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