Activity 3: Strengthening management and financial systems Activity Description Targets/Outputs Q1 Q2 Q3 Financial management X X X Streamline ledgers in the system and structure of Staff producing all the Tally system needed PF reports Sound financial Train users in tally as needed to optimize use of its management and functionalities reporting (both cash and inventory) regularly Establish and implement working guidelines for the disseminated credit policy in place Debt management procedures in place Install the commission remuneration to the sales force to enforce the management of cash flow Debt recovery up to strategies 60% within the sales period Develop cost drivers and cost absorption strategies Credit ceiling by aging to show growth in capacity analysis and debtor days Recruit or appoint existing staff as credit controller Building Dollar bank in PF balance for over sea supplies payment Renegotiate supplies payment terms Monthly stock counts Management of the product streams as business and variance portfolio to allow for commensurate remuneration management of the performance while tracking the profitability Recruit a credit of the products controller Product profitability tracking Good relationships with customers and suppliers Accurate and timely X X X Monthly perceived resulting from accurate and timely statements statements for customers statements and suppliers will be issued Working Capital management X X X Work in Debt management Debt management procedures in place procedures in place progress Debt recovery up to 80% within the sales period Daily banking of cash and Credit ceiling by aging analysis and control cash equivalent Monthly stock counts Daily banking of cash and cash equivalent and variance Selling and invoicing in US Dollars management Building Dollar bank balance for overseas supplies payment Renegotiate supplies payment terms Monthly stock counts and variance management Activity Manager: Moses Kafeero Linkages: IT skills from UHMG HR/Admin; Systems audit by internal auditors/external auditors Finance and Investment Department/Product Facility Operations Activity 4: Sales and distribution Activity Description Targets/Outputs Q1 Q2 Q3 X X X Market segmentation will be strengthened, where A customer relationship
Activity 3: Strengthening management and financial systems Activity Description Targets/Outputs Q1 Q2 Q3 Financial management Streamline ledgers in the system and structure of the Tally system Train users in tally as needed to optimize use of its functionalities Establish and implement working guidelines for the credit policy in place Install the commission remuneration to the sales force to enforce the management of cash flow strategies Develop cost drivers and cost absorption strategies to show growth in capacity Recruit or appoint existing staff as credit controller in PF Management of the product streams as business portfolio to allow for commensurate remuneration of the performance while tracking the profitability of the products Staff producing all needed PF reports Sound financial management and reporting (both cash and inventory) regularly disseminated Debt management procedures in place Debt recovery up to 60% within the sales period Credit ceiling by aging analysis and debtor days Building Dollar bank balance for over sea supplies payment Renegotiate supplies payment terms Monthly stock counts and variance management Recruit a credit controller Product profitability tracking X X X Good relationships with customers and suppliers perceived resulting from accurate and timely statements Accurate and timely statements for customers and suppliers X X X Monthly statements will be issued Working Capital management Debt management procedures in place Debt recovery up to 80% within the sales period Credit ceiling by aging analysis and control Daily banking of cash and cash equivalent Selling and invoicing in US Dollars Building Dollar bank balance for overseas supplies payment Renegotiate supplies payment terms Monthly stock counts and variance management Debt management procedures in place Daily banking of cash and cash equivalent Monthly stock counts and variance management X X X Work in progress Activity Manager: Moses Kafeero Linkages: IT skills from UHMG HR/Admin; Systems audit by internal auditors/external auditors Finance and Investment Department/Product Facility Operations Activity 4: Sales and distribution Activity Description Targets/Outputs Q1 Q2 Q3 Market segmentation will be strengthened, where A customer relationship X X X
AFFORD-UHMG%20FY2013%20WORK%20PLAN%20-%20Final-20Dec.docx