Directorate of Finance
The nature of MSD business is essentially the management of a drug supply chain that entails the process of procurement, storage and distribution functions.The three functions form part of the drug management cycle. However, for the three functions to hold together in a sustainable manner, management support systems are required.That is, there should be a functional organizational structure, adequate and sustainable financing arrangements, reliable management information systems and motivated staff.The functions of the Directorate of Finance and Administration is therefore to ensure that MSD has adequate management support systems and resources, and that it manages those resources in a sustainable manner.In this regard, its long-term goals and objectives are as follows:
- To ensure that the accounting systems, procedures and records are maintained in a form that conforms to the best commercial accounting standards and generally accepted practices, and safeguards resources against wasteful activities.
- To ensure that sound management information systems and business processes are developed, maintained and continuously improved to support the process of management.For instance, in analysis, planning, decision making and control.
- To ensure that sound financial management systems and procedures based on sound commercial principles and practices are installed to ensure judicious use of resources (physical assets, inventories, investments, cash and people) and best return on investments.
- To ensure that there is a functional organizational structure and a supportive organizational culture for attainment of organizational goals and objectives.
- To ensure that the right number and caliber of staff are recruited, developed, maintained and motivated to attain excellence in performance.