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Procurement

The Poster Company intends to redesign its purchasing system from the point in time when an item needs to be ordered until payment is made. The system should be designed to ensure that all the proper controls are incorporated into the system.

(a) Identify the internally and externally generated documents that would be required to satisfy the minimum requirements of a basic system, and indicate the number of copies of each document that would be needed.

(b) Explain how all these documents should interrelate and flow among the various departments, including the final destination or file for each copy.

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The Poster Company intends to redesign its purchasing system from the point in time when an item needs to be ordered until payment is made. The system should be designed to ensure that all the proper controls are incorporated into the system.

(a) Identify the internally and externally generated documents that would be required to satisfy the minimum requirements of a basic system, and indicate the number of compiles of each document that would be needed.
The internally generated documents are the purchase requisition, this should have two copies. One copy should remain with the inventory supervisor and the other copy should be sent to the purchase department. On the basis of the purchase requisition, four copies of the purchase order should be prepared. One should be sent to the ...

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