A) Sourcing of Potential Clients
Clients are recycling agents to whom the junkshop owner will be selling
the junk items, which have been sorted and segregated. The junkshop
owner must search the market for several possible recycling agents to
get the best deal possible such as a lock-in period with regard to the
buying price of a specific item within one month. Cost of delivery/pickup also affects the price and
should always be taken into consideration.
The junkshop owner must bargain for the best deal possible and
coordinate with the respective recycling agents as to the payment
schedule and volume of deliveries or pick-up.
B) Walk-in Procedure for Retailers
Retailers are the scavengers, with or without pushcarts, and residents
of nearby communities and local business establishments. To avoid
pilferage and maintain an accurate inventory, a step-by-step procedure
should be applied in the business:
1. The walk-in customer/retailer with the recyclable items will be met
and assisted by the helper. The helper will inspect the items and
sort it out if needed. He will be the one to put the items in the
weighing scale.
2. The OIC will then do the actual weighing. He will fill up a “weigh
slip” wherein the type of item and its corresponding weight is
reflected and his signature is affixed. The OIC shall submit the
slip to the Cashier.
3. The helper shall then transfer the weighted items to the
corresponding stock area.
4. The Cashier shall compute the total amount due to the customer.
5. The customer must personally receive the amount and sign the
slip of paper as proof of payment.
6. The cashier shall file all Weigh Slips on a daily basis.
C) Daily Accounting
On day one of operation, a pre-determined amount shall be the basis of
the Starting Purchasing Cash (SPC), which shall be maintained and
replenished at the start of each working day.
• At the start of each working day, the Cashier shall count the
SPC, which should be the pre-determined amount as mentioned.
• At the end of each working day, the Cashier shall make a
summary of all purchases and enter it in a log book based on the
filed Weigh Slips.
• The Cashier shall also note down all expenses made for the day,
excluding purchases on a separate log book.
• The SPC less all purchases and expenses of the day should
match the existing cash-on-hand.
• The Cashier shall then make a cash count for the day.
• All cash in-flow coming from the Junk Shop’s sale to the clients
shall be directly deposited to business’ bank account.
D) Trading Process
• Buying
⇒ Search for potential wholesellers who have by-products in their
businesses that would fall under the categories that the junk shop
owner would be buying.
⇒ Buy directly from wholesellers/establishments with by-products or
junk items.
⇒ Tap scavengers by providing them wooden pushcarts (kariton) on
the condition that you will have the priority of their junk products
and these will be bought at a lower cost to cover for the cost of the
cart.
⇒ Give incentives (e.g. allow advances up to a certain amount to
maintain the in-flow of materials, with the limit on advance and up
to the prerogative of the junk shop owner)
• Selling
⇒ Sourcing of potential clients must be a continuous process.
⇒ The following are the basic factors to consider as to whom each
type of item/material is to be sold: a) payment terms; b) schedule
and volume of pick-up and/or delivery.
⇒ If there is a broker or agent for the client, it should be pre-agreed
upon by both the Junk Shop and the Client that all payments
should be made directly to the Junk Shop owner or his duly
authorized representative.
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