Describe IN DETAIL how an ERP system works in the REVENUE CYCLE-meaning how the automated feature of ERP handles sales orders to inventory ordering to general ledger recording, specifically noting the automated CONTROLS “built into” an ERP system to replace the traditional human oversight.
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Describe IN DETAIL how an ERP system works in the REVENUE CYCLE-meaning how the automated feature of ERP handles sales orders to inventory ordering to general ledger recording, specifically noting the automated CONTROLS “built into” an ERP system to replace the traditional human oversight.
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- Traditionally, inventory control, "just in time" or "just in case" procedures have been popular.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 VendorHi, I need help with this OM problem. Thanks!
- Guesstimate how much work-in-process inventory they would expect to see in a production line that produces ambulances.Create a business scenario/description. 2) Based on the business description created, construct an Order Processing flow chart that is appropriate for the business.A metal fabrication shop has a single punch press. There are currently three partsthat the shop has agreed to produce that require the press, and it appears that theywill be supplying these parts well into the future. You may assume that the press isthe critical resource for these parts, so that we need not worry about the interactionof the press with the other machines in the shop. The relevant information here is: Part Number Demand/year Set up Cost ($) Cost per Unit ($) Production rate/year 1 2,500 80 16 45,000 2 5,500 120 18 40,000 3 1,450 60 22 26,000 Holding costs are based on an 18 percent annual interest rate, and the products are to be produced in sequence on a rotation cycle. Setup times can be considered negligible. What is the optimal lot size of part 2?
- XYZ is famous for homemade pizzas which are crisp with thin crust and varied toppings giving the pizzas fabulous tastes. XYZ· is revamping its order processing and pizza-making process. In order to deliver fresh pizza fast, six work elements must be completed as shown in the table below :Element Description Precedence Time (in min)A Receive order - 2·0B Shape dough A 1·0C Prepare toppings A 2·0D Assemble pizza B, C 3·0E Bake pizza D 3·0F Deliver pizza E 3·0Construct a precedence diagram for the process.If the demand is 120 pizzas per night (5:00pm to 1:00am), compute the cycle time for the process. Compute the lead time for the process.What is the theoretical minimum number of workstations needed to achieve the required production?How will you balance the production line to produce and deliver 120 pizzas per night? What is the actual minimum number of workstations needed?Explain how the Pareto principle relates to the prioritization of system requirements.Inflated Inventory – Case Study As an assistant manager in a restaurant company with an eye on his future, Bob wants to do as much as possible to ensure his career progression. He works long hours, spends a lot of time focusing on customer service and loyalty, and has learned how to train employees more effectively. Recently, however, Bob has become disturbed by some actions of his superiors which, to him, do not seem to be ethical. For instance, at the end of last month, Bob was asked by the GM to inflate the inventory in order to show a better bottom-line performance for the last month. The GM explained that, while this is technically unethical, the last month was unusual in the sense that the restaurant had an accident in which the cooler malfunctioned overnight and many food products spoiled. To further explain this, the GM noted that, from his perspective, inventories are meant to capture long-range use of resources, not once-only events. Discussion Questions: 1. Should Bob…
- 1. Mr. Neo has a pharmacy store "Red Pill – Blue Pill" and has appointed you, Mr Morpheus, to help him in his store automation process. From the analysis of the system you have identified the following requirements – • There will be three types of users – • Store manager • Customer • Delivery man • Customer can login/register into system with email & password • Customer can view and order any medicine from the online store • Customer can pay the bill using card • Store manager can check and verify the orders • Delivery man can see the pending orders • Delivery man can deliver an order Based on the above requirements, you task is to create the following diagram - • Draw the use case diagram for the above scenario.Up, Up, and Away is a producer of kites and wind socks.Relevant data on a bottleneck operation in the shop for theupcoming fiscal year are given in the following table:Item Kites Wind SocksDemand forecast 30,000 units/year 12,000 units/yearLot size 20 units 70 unitsStandard processing time 0.3 hour/unit 1.0 hour/unitStandard setup time 3.0 hours/lot 4.0 hours/lotThe shop works two shifts per day, 8 hours per shift, 200 daysper year. Currently, the company operates four machines,and desires a 25 percent capacity cushion. How many ma-chines should be purchased to meet the upcoming year’s de-mand without resorting to any short-term capacity solutions?Giving examples distinguish between make-to-stock and make-to-order suppy chain processes.