Sunday, February 23, 2020

Procurement Control Systems Case Study Example | Topics and Well Written Essays - 500 words

Procurement Control Systems - Case Study Example The review should include a check for accuracy and legitimacy. After the purchasing department receives the requisition, purchasing needs to submit the order to a vendor selection process. The company has omitted this step. If the material is a standard item, the selection should be on the basis of competitive bidding to assure the best price and reduce costs (Dall and West, 22). Buyer relationships or a vendor attribute system could be used for specialized material. This would help assure cost containment as well as reduce undue buyer-vendor influence and corruption of the process. When the material is received, a receiving report should go to the stores as well as purchasing and accounts payable. There also needs to be an interface with the inventory system to update the count and material level. In the example, receiving does not match the material to a purchase order to check for accuracy or completeness. This has the potential of accepting incorrect shipments or backorders that may have been cancelled. There is also too little control over the invoicing process. In the example, purchasing matches the purchase requisition, purchase order, and receiving report and generates an invoice. The invoice is sent to the controller for payment.

Thursday, February 6, 2020

Change Management Essay Example | Topics and Well Written Essays - 2500 words - 1

Change Management - Essay Example In a world which is slowly shrinking, most organizations, especially multi-nationals, have a pool of employees spread across the world or they decide to outsource part of the staff internationally, where the new employees are from a different part of the world. This means immense cultural diversity and makes it a challenge to implement a uniform, organisation-wide change, where all employees would understand and agree with the change. Radically new technologies: Employees can be overwhelmed with the rapid advancement of technology, which could be challenging to work with in the absence of proper guidance, and make them feel inadequate. The point of origin of change: Change is mostly planned and initiated in the upper echelons of the organization because the need for change can be perceived by only those who have access to the bigger picture, or the external challenges like market forces and increasing competition. They know how the change would affect the organization as a whole, but there is usually no clear concept in the higher management about how the change would affect the worker on the floor, and hence they are often unable to communicate the consequences of change adequately, leaving the staff confused: â€Å"Many change projects are designed and launched at such a high level in the organization that all the planning is unrelated to the everyday, operational details that make up the lives of most workers. In such cases, the decision-makers often have no idea how changes will actually make anyone's life or job.