BUSINESS
UNIDO advises SMEs to improve management system
Jarl Hansstein, Chief Techinal Advisor of the United Nations Industrial Development Organisation (UNIDO) says Small and Medium Enterprises (SMEs) should have organised management system to produce quality products.
Hannstein made this known, while speaking with the News Agency of Nigeria ( NAN) on Wednesday in Abuja.
According to him, SMEs having an organised management system will help them to have sustainable quality production of products.
He said that it was imperative to have an organised system in place for effective service delivery “even if it is a family business of two to three people”.
“For instance, many people do not keep record of the materials bought , they buy and store forgetting that record keeping is an important tool for business.
” Another important system is financial planning, I urge them to have this in place because this will help them in business development and growth.
” Many enterprises are not pro-active , they do not plan and they wait for clients to knock on their doors; they are not looking for clients and this is very systematic.
“It is also very important to cooperate with each other, while sourcing for raw materials and products. These people buy materials without certifying if they are fake and this is a big mistake
” Because at the end, the quality will not be up to standard, ” he added.
UNIDO is a specialised agency of the UN with the primary objective to promote and accelerate sustainable industrial development in developing countries and economies in transition.
(NAN)