The strategy that has been developed by the management is consequently translated into operational, executable work. For this reason, P&C works closely with management. P&C focuses on planning and controlling of these daily business processes. Management establishes targets for sales, production and purchase processes and communicates these targets to their P&C staff. The staff registers the actual experiences on the work floor, analyse the outcome and report these to the directors. These results need to be reliable, which is why there are internal measures of control, e.g. separation of jobs, overall control, differentiated control jobs.
P&C used to be focused on financial aspects, but current developments in this field allow for the process to be involved in other quality aspects as well.
Why P&C?
The goal of P&C is to increase turnover, lower costs, quality control and control of the company's possessions. Plans and reports contain many figures and economical information, making it quite a specialized job, done by accountants or controllers. Larger companies employ their own accountants whereas SME's often outsource these activities. The main products of these specialists are:
- budget estimates
- internal monthly reports
- annual accounts
- fiscalities
- treasury
- insurance
- administrative organisation and internal control
