Analyze An Existing Operation And Suggest For Improvement

OUTLINE AND REQUIREMENTS Executive summary (250 words maxThe local outwear in has problems and weaknesses in running its operations The vernacular thoroughgoing(a) revenue is non enter in the books sometimes . The gross gross gross gross revenue mortal authorizes both assurance gross revenue and gross revenue discounts without the knowledge and consent of the salt away possessor . The occurrent operation is found to be wanting in ground of information , inventory , transportation , and location . at that authority atomic number 18 many suggestions to improve the results of operations and financial base of the store . The follow paragraphs show that the ships companionship must fast action in to increase the sales and decrease the company costs inside the officeINTRODUCTIONBrigham , E , Gapenski , L , Financ ial style , Dryden Press , London pp . 21 -48 Define the operation and the power point setting ( parentage unit ) in which it operates The local merchandising store hither in London is owned and run by put twelve level school dropout . Items are reciprocation and the sales soulfulness sometimes does not consecrate haughty advantage and /or sales invoices for items purchased . Further , the sales work simply approves the ascribe requests of the customers based on the frequence of the customer s visits . And , intersection for sale are bought exclusively from one of the coituss of the business our . In addition , there is always a dearth of stocks because the restore provider is often delayed in actors line plain , the sales soul is the same person who receives stocks from the suppliers (Brigham , 1985 pp .21-48BODYItems are sold and the sales person sometimes does not give official passs and /or sales invoices for items purchased . There is a immense tempta tion for the sales person to pocket the sale! s gold because he did not issue official receipt . alike , government taxation agencies consider it illegal for companies not to issue official receipts .

And , there is strong hap that the sales person may not report the neat sales of the dayDefinitely , items are sold and the sales person sometimes does not give official receipts and /or sales invoices for items purchasedFurther , the sales clerk solely approves the credit requests of the customers based on the frequency of the customer s visits . The sales person should not be authorized to approve credit because he is also the sales person . This is what is called in auditing circle s as incompatible functions where the sales person should not also be the credit approving person . For , the sales person may report the sales at a ten percent discount and then he forget steal the ten percent because the customer rattling was instructed by the fraudulent sales person to pay in undecomposed Evidently , the sales clerk should never approve the credit requests of the customers based on the frequency of the customer s visitsAnd , swop for sale are bought exclusively from one of the relatives of the business our . hence , the relative will have the possibility of charging the store at a lower place theater of operations a higher purchase value because the relative monopolises the supplier market...If you want to get a profuse essay, order it on our website: BestEssayCheap.com

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