Page 8 - CHAPTER 10 - THE REVENUE AND RECEIPTS CYCLE
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REVENUE AND RECEIPTS CYCLE



            RISKS AT THE WAREHOUSE




             • Valid ISO/ picking slip may not be acted upon



             • Goods may be removed/ picked from inventory

                 for fictitious/ unauthorised sales.



             • Incorrect items and quantities may be picked.


             • Inaccurate and incomplete delivery notes may be


                 made out.


             • “Out of stock” items may not be identified on the


                 picking slip.


             • Customer may not be notified of “out of stock”


                 items resulting in loss of the sale and customer

                 goodwill.





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