StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Analysis of Procurement of Alden, Inc - Case Study Example

Cite this document
Summary
The author of the paper titled "Analysis of Procurement of Alden, Inc" paper examines weaknesses in Alden’s expenditure cycle, control procedures for the weaknesses, and implementation of the procedures in an Integrated Enterprise Resource Planning system…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.9% of users find it useful
Analysis of Procurement of Alden, Inc
Read Text Preview

Extract of sample "Analysis of Procurement of Alden, Inc"

The lack of a mechanism to forecast sales and only depend on the monthly physical count may result in losses when demand increases within a certain period and may be taken advantage of by the employees for lack of confirmation of the usage of the materials.

Presenting a receiving report to the supplies is important I an organization to acknowledge receipt of the materials to avoid challenges with supply. b. Control procedures for the weaknesses The control procedures for the above problems include passing a policy for the removal of materials from the storeroom only under written authorization and recording the amount and value of the materials retrieved. Keeping a perpetual inventory system is the other procedure to solve the problems at Alden.

This will allow tracking o material usage at Alden for the company to forecast sales and make demand forecasts to avoid losses from shortages and reduce theft. Sending receipt reports to the supplies and checking on quantity and quality needs to ensure the supplies meet the specification of the company. c. Implementation of the procedures in an integrated ERP system An Integrated Enterprise Resource Planning system can be used to solve the above weaknesses through the development of a bill of materials by the ERP system when supplies are made, developing a perpetual inventory system in the ERP system through entering inventory levels, addition, and withdrawals from the store to get the inventory at a given time (Hamilton, 2003).

This will allow the ERP system to make forecasts on the usage of the materials and ensure the ERP system requires the consent of authorized staff to make withdrawals from the store. The ERP system can also be used to make vouchering, matching, and payment of the supplies. An ERP system will also track order processing in terms of order entry, credit checking, inventory, shipping analysis, pricing among different supplies to get the best bargain, supplier scheduling, and warehousing (Hamilton, 2003).

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Alden, Inc Case Study Example | Topics and Well Written Essays - 250 words”, n.d.)
Alden, Inc Case Study Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/finance-accounting/1648901-alden-inc
(Alden, Inc Case Study Example | Topics and Well Written Essays - 250 Words)
Alden, Inc Case Study Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/finance-accounting/1648901-alden-inc.
“Alden, Inc Case Study Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/finance-accounting/1648901-alden-inc.
  • Cited: 0 times

CHECK THESE SAMPLES OF Analysis of Procurement of Alden, Inc

Strategic Analysis of Zara Inc

H&M, Gap inc.... Thus, Zara must be aware of alternative procurement... Industry analysis Buchanan and Huczynski (2010) provide knowledge of contingency theory, a strategic model that indicates as circumstances in the market or industry change, the organisation's structure must also be changed in order to adapt and stay relevant....
10 Pages (2500 words) Essay

Unicord PLC: The Bumble Bee Decision

It used $280 million in 1989 to purchase Bumble Bee Seafood inc.... This paper is a case analysis focused on Unicorn PLCs acquisition of Bumble Bee.... The analysis is done from finance, marketing, production and CEOs point of view, presenting the facts about the acquisition....
17 Pages (4250 words) Case Study

Strategies of Mandarin Oriental Hotel Group Using Five Forces Theory

The competition relating to the segment of the hotel industry is likely to increase in the future that ultimately depicts that Mandarin Oriental Hotel Group (MOHG) would face the difficulty of new participants in the industry (Scribd inc.... he suppliers' bargaining power is expected to be moderate in recent day context as the reputed or renowned hotels do not desire to compromise their delivered services with quality (Scribd inc....
4 Pages (1000 words) Essay

Application of the Ansoff Matrix in Apple Inc

The paper "Application of the Ansoff Matrix in Apple inc" discusses that the macro environment is an external factor that affects the operations; the organization has no direct power to control these factors.... For us to get an understanding of the macro-environment affecting Apple inc, then a deep study of the overall technology industry must be done.... The first factor influencing the operation of Apple inc is the technological force; the company continuously experiences changes in technology, each year the computer electronic components became faster, cheaper and more convenient hence computer design frequently changes....
6 Pages (1500 words) Essay

Allen Park Power Supply Chain

This study aims at assessing the supply chain of Allen Park Power Limited.... The study has found out that the company has few challenges in the supply chain.... The company has run out of transformers supply and the current supplier is not in a position to sustain the supply.... ... ... ... The conclusion from this study states that Allen Park Power Limited has found itself in a challenging situation due to the weakness of its supply chain....
10 Pages (2500 words) Case Study

Human Resources: Comparision Between Apple and Samsung

The tug of war between the mobile giants Apple inc.... The tug of war between the mobile giant Apple inc.... The tug of war between the mobile giant Apple inc.... and Samsung Group have taken the level of competition to a higher ground (Hall, 2011)....
6 Pages (1500 words) Case Study

The Melbourne Metro Rail Project

This paper "The Melbourne Metro Rail Project" analyzes that the Victorian government is keen to develop efficiently reliable infrastructural networks.... The government has recently initiated the Melbourne Metro Rail Project, considered a principal transport infrastructural project in Australian history....
8 Pages (2000 words) Case Study

Analysis of the Procurement Process

The paper "analysis of the Procurement Process " is a perfect example of law coursework.... The paper "analysis of the Procurement Process " is a perfect example of law coursework.... The paper "analysis of the Procurement Process " is a perfect example of law coursework.... Department, Legal Division, procurement Division, H.... n light of all these changes in the business model, the procurement process has not been an exception to the development....
12 Pages (3000 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us