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Unit 3 Topic 3 ST3- CONTROLLING - Coggle Diagram
Unit 3 Topic 3 ST3- CONTROLLING
Set the standard
Measure Preformance
Compare Preformance with standard
Take corrective action if necessary
Control is a management activity that measures how well an organisation achieves the goals and objectives that it has set
Types of Management Control
1.Stock Control
2.Quality Control
Credit Control
Financial Control
Insures Debtors pay bills on time
.Credit limits
.Efficient Administration System
.Efficient Debt Collection
Inspections
Quality Circles
Quality Awards
Total Equity Management (TQM)
Types of stock
Raw Materials
Work In Progress
Finished Goods
4.Merchandise
.Manual Stock Take
.EDI (Electronic Data Interchange)
.Just In Time