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10 cards from this deck
Monitoring performance to ensure goals met & taking corrective action
Set targets, measure performance, compare, take corrective action
Monitoring stock levels to meet demand & minimise holding costs
Automated system for stock ordering & transaction processing
Inventory system where deliveries received precisely when needed
Checking goods/services meet required quality standards at all times
Employees who meet regularly to discuss quality issues
Monitoring goods sold on credit to ensure debts paid fully & on time
When a debtor fails to pay the full amount they owe
Ensuring business is profitable & has sufficient finance for payments
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