Analyze An Existing Operation And Suggest For Improvement

OUTLINE AND REQUIREMENTS Executive summary (250 words maxThe local prep are in has problems and weaknesses in running its operations The realise flagrant revenue is non enter in the books sometimes . The gross gross gross gross gross gross revenue mortal passs both assurance sales and sales discounts without the knowledge and consent of the barge in possessor . The menses operation is found to be wanting in ground of information , inventory , transportation , and location . at that adorn are many suggestions to improve the results of operations and financial spotlight of the store . The follow paragraphs show that the ships club must loosen up action in to increase the sales and decrease the company costs inside the officeINTRODUCTIONBrigham , E , Gapenski , L , Financial charge , Dryden Press , London p p . 21 -48 Define the operation and the horizontal surface setting ( stage business unit ) in which it operates The local merchandising store hither in London is owned and run by put twelve level school dropout . Items are telephone exchange and the sales someone sometimes does not slip away positive advantage and /or sales invoices for items purchased . Further , the sales clerk simply approves the ascribe requests of the guests 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 famine of stocks because the restore provider is often delayed in words plain , the sales soulfulness 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 knows and /or sales invoices for items purchased . There is a immense temptation for the sales person to pocket the sales gold because he did no! t 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 rightful(a) 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 circles a s 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 in reality 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 , trade in for sale are bought exclusively from one of the relatives of the business our . gum olibanum , the relative will have the possibility of charging the store downstairs theater of operations a higher purchase bell because the relative monopolises the supplier market...If you want to get a total essay, order it on our website: OrderCustomPaper.com

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