Procurement
Not what you're looking for?
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.
SEE ATTACHED SCENARIO
Purchase this Solution
Solution Summary
This explanation provides you a comprehensive argument relating to Procurement
Solution Preview
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 ...
Education
- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
Recent Feedback
- "I read your comments, and thank you for this feedback. Do I need to find other studies that applied this methodology Ive used? That's where I'm stuck at."
- "Thank you kindly sir. "
- "Excellent and well explained. --Thank you kindly. "
- "Awesome notes. I appreciate you."
- "I have the follow-up project and I will assign that to you very soon. "
Purchase this Solution
Free BrainMass Quizzes
Introduction to Finance
This quiz test introductory finance topics.
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media