Peacock

9.71 - Peacock Company: In fetch up Flowchart of Inventory and acquire Control Procedures. Peacock Company is a wholesaler of quietly goods. The muniment is composed of approximately 3,500 different distributor points. The company employs a computerized batch processing clay of rules to maintain its perpetual channel records. The trunk is run each spend so the inventorying reports be available on Monday morning for caution use. The system has been functioning satisfactorily for the past 15 months, providing the company with innocuous records and timely reports. The preparation of purchase orders is automatic as a part of the inventory system to ensure that the company give maintain enough inventory to meet customer demand. When an circumstance of inventory falls below a predetermined level, a record of the inventory items is written. This record is used in connection with the vendor file to prep be the purchase orders. Exception r eports are prepared during the update of the inventory and the preparation of the purchase orders. These reports esteem any errors or exceptions identified during the processing. In addition, the system provides for caution approval of all purchase orders exceeding a train amount.

Any exceptions or items requiring management approval are handled by supplemental runs on Monday morning and are combined with the pass results. A system flowchart of Peacock Companys inventory and purchase order procedure is presented in tell on 9.71.1. Required: a. The illustrated system flowchart (Exhibit 9.71.1) of Peacock Companys inventory and purchase ord! er system was prepared in the lead the system was fully operational. Several steps that are distinguished to the successful operation of the system were inadvertently omitted from the chart. forthwith that the system is operating effectively, management indispensablenesss the system documentation complete and would comparable the flowchart corrected. Describe the steps that have been omitted and delegate where the...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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