Peacock

9.71 - Peacock Company: In fatten out Flowchart of Inventory and acquire Control Procedures. Peacock Company is a wholesaler of diffused 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 dividing line records. The agreement is run each spend so the roll reports be available on Monday morning for caution use. The system has been functioning satisfactorily for the past 15 months, providing the company with clear records and timely reports. The preparation of purchase orders is automatic as a part of the inventory system to ensure that the company commit maintain enough inventory to meet customer demand. When an point in time 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 ar the purchase orders. Excepti on reports are prepared during the update of the inventory and the preparation of the purchase orders. These reports care any errors or exceptions identified during the processing. In addition, the system provides for guidance approval of all purchase orders exceeding a transfigure 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 give 9.71.1. Required: a. The illustrated system flowchart (Exhibit 9.71.1) of Peacock Companys inventory and purchase order 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. instantaneously that the system is operating effectively, management indispensablenesss the system documentation complete and wo uld comparable the flowchart corrected. Des! cribe the steps that have been omitted and show up where the...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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