a) Explain what a “supply chain” is. b) Explain why practioneers of supply chain management need to understand management accounting.
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- a) Explain what a “supply chain” is.
- b) Explain why practioneers of
supply chain management need to understand management accounting.
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Solved in 3 steps
- Bamburi Cement is a cement manufacturing company that has been operating in Kenya for more than ten years. The supply chain of Bamburi includes the suppliers and customers. Effective management of the supply chain relationships is a critical factor in ensuring increased profits by Bamburi. Required; Explain two ways that adoption of a modern Enterprise resource planning software such as Microsoft Navision would enable Bamburi to improve the supply chain relationships with the suppliers and customers. (b) Explain two ways that a well-developed and designed Accounting system would add value for an organization such as Strathmore University.What are 3 potential risks associated with replacing the inventory management system, and how can they be mitigated?What is the Production-Inventory Strategy in the Supply Chain Management Integration of JP Morgan Chase & Co.
- The purchasing department is responsiblefor procuring raw materials and other resources at the best possibleprice. In relation to the above, and with the aid of examples, discuss thefunctions of the purchasing management.how does procter and gamble bring together inventory and quality management?Based on the above information, prepare a report for the head of the accounting department of RCIATOLimited to evaluate their revenue cycle. In your report, you need to include the following items:1. "Establishing separate departments for warehousing, shipping and inventory control willenhance internal controls over the inventory." Discuss this statement in the light of the existingrevenue cycle of RCIATO Limited.2. In the light of our discussion during interactive tutorials, describe potential internal controlweaknesses in the sales order processing procedures and cash receipts procedures of RCIATOLimited.3. In the light of our discussion during interactive tutorials, discuss the potential risks associatedwith the internal control weaknesses identified in Section (2) above.4. Based on Section (3) above, what types are frauds are possible. Hint: we have discussed differenttypes of frauds in the interactive tutorial and lectures. Your discussion should be based on these contents.
- 47 Companies take a physical count of inventory at the end of the accounting period. Taking a physical count of inventory involves_________________________. a. Counting of each kind of inventory b. Measuring of each kind of inventory c. Weighing of each kind of inventory d. All the given optionKofio & Sons Ltd is a small family business located in Suhum. They have a pineapple juice processing factory. They have never kept detailed inventory or sales records. The owners use their own judgment in identifying items that need to be reordered. Invoices from suppliers are only kept for tax purposes. When an item is sold, the item number and price are rung up at the cash register. What is the business impact of this situation? How could information systems help Kofio & Sons run their business? What data should these systems capture? What decisions could the systems improve? NOTE NO PLAGIARISMWhich of the following statements about supply chain metrics is Incorrect? a. The lower the weeks of supply metric the better B. The lower the inventory as % of assets the better C. The lower the Inventory turnover metric the better D. Supply Chain metrics use quarterly or annual balance sheet data. Please explain your answer so I can understand this concept properly. Thank you
- Explain the benefits of a good inventory management in a organisation. In detail and do not use AI.Why might it be inappropriate to use inventory turnover ratios to compare inventory performanceof companies that are in different industries?Procurement- Which of the following is not a type of supply budget? A. Capital B. Operating C. MRO D. Savings