Create a business scenario/description. 2) Based on the business description created, construct an Order Processing flow chart that is appropriate for the business.
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- 1. Describe the risks associated with the system depicted in the flowchart below. 2. Describe the physical controls needed to mitigate each risks. Purchases Department Receiving Department Čentral Computer Facility Account Payable Department Warehouse Packing Slip A Vendor PO Invoice Rec Reprt Identify Items Prepare Receiving report Accaunting System and Select Vendar Recomcile Reconcile and documents and Update Packing Slip Rec Reprt set up Liability Inventory Tmventory Records PO Rec Reprt Rec Reprt PO Invoice ACLOunt PO Paryable Rec Reprt VendorAccording to this textual description, please develope each of the diagrams (3):a) Document flow chart:The document flow chart visually represents the flow of documents through Nova Terra's cash disbursement process. It starts with the invoice sent by DM to Nova Terra, which is then manually recorded by María Fuentes in the accounts payable subsidiary. The recorded invoice is sent to Mr. Martín Mendoza in the Cash Disbursement Office, who processes it and prepares a check for payment. The check and invoice are sent to Laura Rivera, who is the treasurer of Nova Terra and approves and signs them before mailing the check to the supplier. Subsequently, the canceled invoice is returned to Martín Mendoza for his registration in the cash disbursements journal and file. b) Business process diagram (BPD):The business process diagram shows the activities and sequence of Nova Terra's cash disbursement process in more detail. It includes the following steps: billing and registration, payment…According to this textual description, how each of the diagrams is made:a) Document flow chart:The document flow chart visually represents the flow of documents through Nova Terra's cash disbursement process. It starts with the invoice sent by DM to Nova Terra, which is then manually recorded by María Fuentes in the accounts payable subsidiary. The recorded invoice is sent to Mr. Martín Mendoza in the Cash Disbursement Office, who processes it and prepares a check for payment. The check and invoice are sent to Laura Rivera, who approves and signs them before mailing the check to the supplier. Subsequently, the canceled invoice is returned to Martín Mendoza for his registration in the cash disbursements journal and file. b) Business process diagram (BPD):The business process diagram shows the activities and sequence of Nova Terra's cash disbursement process in more detail. It includes the following steps: billing and registration, payment processing, and final registration. Each step is…
- Using a flowchart, prepare the high-level process of the following:1. Procure to Pay2. Order to Cash3. Record to ReportChoose an example for work- in-process (WIP)inventory from the following. a. Stock of purchased items O b. Stock of raw materials O c. Stock of partially processed materials O d. Stock of finished productsWhich of the following statements are correct about services and service design? Select ALL which are true. 1) Services can be more easily automated and transported than products. ) 2) The service delivery system should be designed primarily around the employees in the system. ) 3) Low-contact services can usually be made more efficient than high-contact services. 4) A service is produced and consumed simultaneously (at the same time).
- 1.A firm has 77 units of a product on hand. Forecasts of demand are 26 units per week. An MPS quantity of 90 units is planned to arrive in period 3. Customer orders are 29 for period 1, 27 for period 2, and 19 for period 3.What is the projected on-hand inventory at the end of period 3? (use excel to show formulas)why we find order statistics? explain in your own wordsHow would you determine which orders have not yet been shipped to the customer?
- Draw a flow chart depicting the ordering process for delaing with telephone orders at One Book-Music StoreDepartment Analysis for any logistic companyWal Mart, although they are not a manufacturing company, uses sophisticated computer software to forecast sales and order products to be stocked in their stores so that they do not run out of the things shoppers are looking for. What kind of software system does Wal Mart likely use? Group of answer choices a) Inventory control b) Just-in-time ordering c) E-procurement d) Materials Requirement Planning (MRP)