Business Operations
Purchase Commitments and Delivered Stock Belong in Different Records
Separate purchase orders, goods received and outstanding quantities so teams do not mistake committed stock for items already available to use.
MODELS · PROCESS · PEOPLE
Business Operations
Business Operations
A Sales Return Needs a Route Back Into the Stock Record
Connect customer returns to inspection, stock status and the original order so a refund does not accidentally put an unusable item back on sale.
Business Operations
An Inventory Count Needs a Cut-Off Time for Stock Movements
Give a stock count a clear reference time and a movement log so deliveries and dispatches do not create unexplained differences.
Business Operations
A Credit Note Changes the Invoice Record; a Refund Moves the Money
A credit note records an adjustment to a charge, while a refund records money returned. Keep both steps clear when resolving an invoice change.
Business Operations
A Company’s Backlog Is Not the Same Thing as Revenue
Read an order backlog by asking what is included, when delivery is expected and which conditions must be met before it becomes recognised revenue.
Business Operations
Buying Equipment Solves One Problem and Creates Several Others
Compare buying and leasing business equipment through use, maintenance, downtime and exit terms, not just the monthly payment.