Peacock

9.71 - Peacock Company: In masterful Flowchart of Inventory and acquire Control Procedures. Peacock Company is a wholesaler of piano 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 personal credit line records. The remains is run each spend so the lineage reports argon available on Monday morning for caution use. The system has been functioning satisfactorily for the past 15 months, providing the company with brand-new records and timely reports. The preparation of purchase orders is automatic as a part of the inventory system to ensure that the company align maintain enough inventory to meet customer demand. When an relic of inventory falls below a predetermined level, a record of the inventory items is written. This record is used in fellowship with the vendor file to prep be the purchase orders. Except ion reports are prepared during the update of the inventory and the preparation of the purchase orders. These reports attention any errors or exceptions identified during the processing. In addition, the system provides for heed approval of all purchase orders exceeding a turn amount.

Any exceptions or items requiring management approval are handled by supplemental runs on Monday morning and are combined with the spend results. A system flowchart of Peacock Companys inventory and purchase order procedure is presented in soften 9.71.1. Required: a. The illustrated system flowchart (Exhibit 9.71.1) of Peaco ck Companys inventory and purchase order sys! tem 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. now 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 show where the...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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