Hii si kiosk

Its a cash flow management tactic.. To ensure that the firm is aware of its full obligations to suppliers in advance. However, I do not support delays above the stated credit period

managing a supermarket is not an easy job. you are dealing with thousands of products and hundreds if not thousands of suppliers.profit margins quite low with industry average of 15% .pilferage by staff and customers is common occurrence wiping out these sorry margins. managing such diverse supplier base and stock management isn't a joke operating expenses to maintain some sanity in operations very high. the moment you touch working capital and use it in capex is the moment the thousands of suppliers come calling and empty shelves pap https://asokoinsight.com...n-after-high-costs-kenya from a revenue of 51 billion you make only 300 million.thats supermarket business for you

Add employees to that, they steal stocks left right and centre. And because of weak corporate governance and a management style that involves hiding profits to avoid taxes, the directors never get to learn of staff fraud until its too late. Remember the internal auditor who was shot, I also here many Nakumatt managers already own some tier 2 supermarkets all over Nairobi.

Very true. They even lack basic necessities like milk. The in-house bakers have closed shop in some branches.