Explain if a policy, a standard, a procedure, or a guideline should be used to ensure inventory information systems remains up-to-date within an organization?
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Explain if a policy, a standard, a procedure, or a guideline should be used to ensure inventory information systems remains up-to-date within an organization?
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- Describe how CRMs can be integrated with inventory management systems.What tools and machines are used in an inventory management system and in warehouse storage?Prior to accepting a customer’s order, a company should verify the amount of inventory on hand. Which of the following is not a reason to do this? Determine whether inventory records are accurate. Ensure accuracy of inventory records by reducing the amount by items order. Identify which products should be ordered from suppliers. Communicate to the customer when shipment will be sent.
- You are currently performing an audit at GoodStar Co. The company manufactures tinned fruits which are supplied to large food retailers. Management team and those charged with governance of GoodStar have concerns about the effectiveness of their sales and collection system and asked you to review the system. Sales and Collection System Sales orders are mainly placed through GoodStar website and customers are also allowed to made orders through telephone. Online orders are automatically checked against the inventory records for availability, while orders received through telephone are checked manually by order clerks after the call. A follow-up call is usually made to customers if there is insufficient inventory. When taking telephone orders, clerks note down the details on paper and afterwards they complete a three-part pre-printed order form. These order forms are sequentially numbered and are sent manually to both delivery and the accounts department. As the company is expanding,…explain how an organisation can transform it's inventory management process to be proactive.How do organizations manage excess and obsolete inventory effectively?