Monday 11 May 2015

ASSUME NOTHING, COUNT EVERYTHING!

Madam Gold owns multiple shops in Lagos-the commercial capital of Nigeria.Like other major clothiers, her stores were beautifully adorned and filled with expensive lace materials ranging from Bobbin lace, Crocheted lace,French lace, Cord lace to host of other expensive lace materials worth tens of million naira.She also have a warehouse that is almost filled to capacity with lace materials estimated to worth hundreds of millions.



She engages the services of Store assistants and she believes that these store assistants being members of her extended family, means she's immuned against any form of pilferages or fraud. Business was booming with reasonable sales per day and rate of turnover was impressive. She was running to the bank, her cash at bank was infact increasing at a geometric rate and all seems so well, that she never thought of any STOCK COUNT.