Professional Documents
Culture Documents
management in small and medium enterprises and the factors affecting the practices. Students are required to interview the entrepreneur/financial manager of the firm and fill in the necessary information. Any additional information is welcome. The information collected will be used only for academic purpose. Students may modify the questions if necessary to collect the relevant information.
3. What are the types of inventories maintained? How much stock is maintained? (E.g. Required for one months production etc.) a. Raw material b. Work in progress c. Finished goods d. Spare parts e. Any other (specify)
4. How do you decide your raw material supplier? In case of more than one factor pl. rank in the order of priority) a. Credit (please mention no of days) b. Discounts c. Quality d. Timely supply e. Transport cost f. Any other
5. Do you classify your inventory into High Medium and low value for control?
Yes
No
6. If yes please explain the classification criteria and special controls for high value items
11.Reorder point 12.Cost of acquiring raw materials? (Includes order placing ,transportation ,inspecting) 13.Cost of maintaining level of inventory? (Warehousing, handling, insurance)
14. How do you decide whom to grant credit? (Pl. rank in case more than one criteria is used) a. Bank reference b. Income tax return/financial statements c. Trade references d. Guarantees e. Any other (please specify)
15. How do you decide how much credit to grant? Mention if any standard practices are followed by you.
16. How do you decide how much discount to give? Mention if any standard practices are followed by you.