How do computerized purchasing systems help to reduce the risk of purchasing bottlenecks?

Q: Weaknesses to a purchase order system

A: Purchase order system is a system begins with creation, processing, follow up and closure of…

Q: What is management fraud?

A: Fraud:   It is an intentional misappropriation of the assets or the financial records of an…

Q: what is the effect on transportation costs if the purchaser controls a shipment directly from the…

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: benefits and risks

A: There are many benefits in using digital payment to the customers, some major benefits are mentioned…

Q: Which of the following is NOT an advantage of real-time processing files over batch processing?a.…

A:

Q: What is the initial cost of setting up the "stop-loss"  strategy?

A: The Stop-loss strategy is very useful which helps the investors to protect in the market, as the…

Q: Identify any two potential drawbacks that purchasing manager could face given their choice of…

A: The sourcing process encompasses all activities centered on identifying and evaluating possible…

Q: part of a process happen without negatively impacting another part? What are some reasons for erring…

A: Lean methodology eliminates waste to the core in a process and ensures that reduction in delays…

Q: Define predatory pricing, dumping, and collusive pricing.

A: Target Costing:Target costing refers to the cost that is ascertained as per the needs and wants of…

Q: What are the possible problems associated with receiving goods ordered from a vendor/supplier?

A: Inventories are the stocks of the goods maintained by a company that can either be in the form of…

Q: For a small brick-and-mortar store, what would be a realistic price for creating an online store for…

A: Answer:- Online store meaning:- An online store is a website where customers may place orders for…

Q: “Companies devote resources to a purchasing department but not on individual departments that can…

A: Purchasing department: It can be defined as the department of the organization that deals with…

Q: “JIT purchasing has many benefits but also some risks.” Do you agree? Explain briefly.

A: Just in time is the method of inventory management in which the inventory just arrives before the…

Q: Management and auditor are concerned about inventory control function in automated system? Why? How…

A: Inventory control function in automated system :                   In automated system, inventory is…

Q: “JIT purchasing has many benets but also some risks.” Do you agree? Explain briey.

A: In Just-in-time (JIT) purchasing, goods and materials are purchased in a way that they are required…

Q: Keeping track of inventory and keeping carrying costs down.  How do you think those issues would…

A: If business organized their inventory management system, the warehousing cost tends to be reduced…

Q: How does/can a financial intermediary reduce the risk facing them due to Adverse Selection?

A: The question is based on one of the key issue in financial market, banking industry,  about the…

Q: hink? Justify with

A: QuickBooks Software   Managing Company Accounts is No Sweat With Quickbooks Software With our…

Q: Please answer with reason Which of the following statements concerning formal and less-formal…

A: Option a). Both formal and less-formal nonperpetual unit control systems enable the retailer to…

Q: Explain why planning and distributing a mass-market system release is costly.

A: It is Extremely Expensive. Mass marketing is extremely expensive form of marketing and it is usually…

Q: How would your error affect breakeven sales and operating income under the proposed sales commission…

A: Affect of error on break-even sales and operating income:

Q: What is modified accelerated cost recovery system (MACRS)?

A: Any fixed asset purchased has a fixed life throughout which it has to be used. Over the course of…

Q: What are the computer ethical issues regarding unemployment and displacement?

A: Computer Ethical Issues Regarding Unemployment and Displacement In a new age of technology world,…

Q: How does the payback method reduce the information search?

A: A capital budgeting tool helps in determining the time needed to recover back the project investment…

Q: Which of the following is an advantage of using a perpetual inventory system A. It is effective with…

A: In this question, we have to find out that from the following options which one is the advantage of…

Q: The buyer runs a risk of being sold a good of low quality when there is a principal-agent problem.…

A: There exists risk of being sold because any one can buy shares and become owner of company.

Q: Efficient customer service could be achieved through avoiding stock outs by making accurate   A.…

A: Stock Out: The simple meaning is: When there is a demand in market for the product but the company…

Q: Can management of a retail company like Amazon use lean techniques? Explain.

A:

Q: Explain the importance of inventory management system.

A: Inventory management system refers to managing and tracking inventory.

Q: Among the simple average pricing and weighted average pricing method. Which of the store ledger…

A: Simple Average Pricing method considers the average prices by taking only the prices and averaging…

Q: tem o

A: Internal controls are the mechanisms, rules, and procedures implemented by a company to ensure the…

Q: Which of the following is not a benefit of using RFID technology: Select one: a. Increasing labour…

A: RFID is a type of wireless transmission in which an item, animal, or human is uniquely identified…

Q: Which of the following marketing concepts believes that consumers will not buy enough of the…

A: The answer is Selling Concept

Q: Please explain why some managers feel that too much inventory is "evil"?

A: Excess Inventory: The business managers think that if an entity has more or excess inventory it has…