| dc.description.abstract | The main subject of this internship report is Asset Management and Revenue Collection: Strategic
Financial Review of Next Food & Beverage Industries Limited. The audit emphasizes critical
operational weaknesses in procurement, interdepartmental communication, revenue collection, and
inventory management because these factors determine how well the company performs financially
and continues successfully.
This evaluation examines the procurement problems NFBIL encounters because of high procurement
costs, reliance on specific suppliers, and lacking competitive supplier selection procedures.
Production-related inefficiencies and stock management problems are primarily caused by inadequate
communication between departments. The company faces operational challenges because of
inadequate revenue collection organization, which produces delayed payments that disrupt cash flow
stability. The company experiences financial losses because of its ineffective inventory control system,
inability to predict demand, and excessive stockpiling habits.
The report suggests solving financial problems by using structured procurement methods and
enterprise resource planning (ERP) systems, digital payment systems, and revenue collection
improvements through customer relationship management (CRM) platforms. The recommended
implementation approach consists of stages that aim to both successfully implement improvements
and maintain their long-term effectiveness.
The research findings enhance knowledge about financial and operational management in the food
and beverage sector by focusing on process optimization and strategic financial planning. | en_US |
