Identify what documents you would find in the above transactions of Chocolate company in the month of October and evaluate them.please help me... Material Handling and control:Chocolate Ltd. is Oman based manufacturing Company. Company needs to have strictcontrol over inventory. Mr. Khalid has been working as a storekeeper. When inventoryfalls to a minimum level, he will send the requirement to purchase department. It is theresponsibility of the purchase department to choose a supplier who provides thereliable service and high-quality product at a competitive price. When the materialarrive from the supplier storekeeper checks it against the quantity ordered and notedown any discrepancy. After the material is received the supplier demands for themoney and accounts department pays to the supplier after getting the verification ofdifferent documents.Following transactions or events took place in the month of October in ChocolateCompany:a) Evidence that the purchase department of the Company had authority toorder new supplies of cocoa beans from the supplier.b) Evidence that the supplier had an authority to send cocoa beans to chocolate Itd.c) Evidence that the cocoa beans arrived at the stores of Chocolate Ltd. in a goodcondition, and in the quantities expected.d) Evidence that the amount payable to the supplier is correct in quantities andprices.e) Evidence that Mr. Khalid has the authority to release cocoa beans to theproduction unit for conversion to chocolate.

Inventory management refers to the process of sourcing, storing, and selling inventory (finished and…

Answered: Identify what documents you would find…

Identify what documents you would find in the above transactions of Chocolate company in the month of October and evaluate them.

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 5.1SC: Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing...

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Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?
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