Capital – Budgeting decision at Sitara Showroom Sukkur
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Download Full PDF Pages: 07-11 | Views: 713 | Downloads: 199 | DOI: 10.5281/zenodo.3429056
Abstract
It was the evening of 01st May, 2014. Inventories for the month of April had been just closed at Sitara, a multi-million-rupee superstore located Adamji Market on the bunder road Sukkur, Pakistan. Muhammad Awais Memon, executive manager of the store was busy preparing a report that was to be presented in the management meeting following day. He was worried about the figures shown in the shrinkage section of the report. He was wondering which option he should propose to the management team RFID or Rubee System, given the already high operating cost and maintenance costs. The new product security system would have to be supplemented with the RFID tags or Rubee tags attached to the products. He believed that the new equipment would immediately reduce the shrinkage costs to almost a negligible amount. After the system is in place, the only possible shrinkage costs will come from damage or fault product delivery. But it seemed to him very difficult to convince his management team especially the owner, Younis Memon, about the installation of the system since it become necessary to have a huge investment in the equipment and tags
Keywords
Budgeting, Sitara Showroom
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