MATERIAL MANAGEMENT

MATERIAL MANAGEMENT

The purchase of goods and services necessary for the smooth operation of the organization is handled by individuals having skills in evaluating what purchases are required from suppliers offering the best deals, to ensure purchases made do not exceed the budget provided and to ensure purchased goods and services conform with the quantity and price specified in the order. Further to ensure that procurements are made to the maximum extent possible on a practical, open and freely competitive basis and procured goods and services are delivered in the correct quantity and quality and in a timely manner.

The assets of Pro-Vision are safeguarded by recording their details and monitoring their location and condition. Precise identification of goods that are part of the asset base, periodic physical inventory and effective maintenance of goods are ensured. All movements of fixed assets of Pro-Vision are accounted for in the general ledger. The inventory makes it possible to detect differences between information about goods in the records and the actual state of goods.

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Every year the fixed assets register are tallied with the audited statement and ensured that all the assets are well maintained and used to the appropriate purpose.

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