The Financial Resources Management department is the one in charge of all the money available to a business. Therefore, it is its responsibility to make sure the company has enough resources to operate efficently and be able to cover costs and production as well as paying creditors and investors when necessary. Internal and external negotiations are also used by managers to deal with providers, customers and also with the community.
Reimbursement and Restock is a resource management task that establishes and maintains the readiness of resources and ensures that the providers are paid in time.
Resource management deals with activities regarding ordering stocks, mobilizing them, tracking their functioning, and reimbursing & restocking resources at a point in time.
Thus, reimbursing & restocking help the management to gather bills to make correct expenditure and cost statements so that resources could be arranged and payments are discharged at the right time.
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