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This is a relatively simple thing to attain in a stand alone business escalating not part of a long supply chain (I said simple, a challenge!). For those in long supply chains, things more stressful. Asset flowing through the chain are controlled with handover in one chain member to your next. Systems are put in place to track those assets and make it so that the right party is billed. As there are the damaged box that spikes the equipment.

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Product damage and damage some other assets still cannot be factored into budgets and remember. Many companies are beginning to grasp this. With long supply chains, the issue is complicated and needs a multi-disciplined approach. Four vital elements are required: (i) healthy culture, (ii) quality control, (ii) quality assurance, (iv) real time common see. None of these four elements can be missed out side. The art of managing and reducing damage is getting the balance between these elements right. Perhaps it is time to scale that mile-high high altitude. Looking after assets is never an optional extra. This really is a must-do for all of us. However, in new financial climate, political election will surely be those businesses which go the one step further to protect their wealth.

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