On September 9, 2017, at least 14 Nutripan staff from different branches participated on Financial Management and Simple Bookkeeping Seminar conducted by Mahintana Foundation Inc. held at MFI conference room. The training is one of the ongoing activities of the Nutripan BREAD (Business for Rural Economy and Agriculture Development) Project focused on developing the capacity of the participants on financial operation. The training aims to improve production analysis, bread costing and inventory management of the Nutripan staff and strengthen their financial management capabilities in the implementation and generation of accurate financial information of Nutripan Bakeshoppe using a participatory approach.
The morning session was devoted to looking at how important Baker’s Math is and how it affects the operation of the bakeshoppe. The afternoon session was focused on Financial and Inventory Management which includes understanding on how to achieve break-even sales. Discussion were then summarized from some of the key points linked into the need to improve and mainstream financial scrutiny throughout the Nutripan Bakeshoppe outlets. Deficiencies in the current financial process implementation were also highlighted.
At the end of the training, participants shared their learnings as such they were able to understand the need to assess and steer the overall Nutripan Bakeshoppe’s operation and financial records.