PPT-Audit of the Inventory and Warehousing Cycle

Chapter 20 Learning Objective 1 Describe the business functions and the related documents and records in the inventory and warehousing cycle Raw Materials Work in Process Manufacturing Overhead. Purchasing to Cash Payments. Chapter 11. 1. FOSTER School of Business Acctg.320. Questions Addressed. What are the basic business activities and data processing operations that are performed in the expenditure cycle?. Warehousing. Strategic warehousing . Warehouse operations. Warehouse ownership arrangements. Warehouse decisions. Warehousing overview. Traditionally viewed as a place to hold or store inventory. Contemporary view is the warehouse functions to mix inventory assortments to meet customer requirements. Inventory Objective Value. . Last Month’s Earnings: $60,000.00. Divide by Last Month’s Number of Operational Days: . 30. Equals (Average Daily Earnings): $ 2,000.00. Meaning of Warehousing. A warehouse is a structure where goods are stored. Warehousing is one of activities in supply chain management. Warehousing is a . procedure. . or a . process. of storing goods within a storage facility. Industrial Logistics (BPT 3123). Industrial Technology Management . Programme. Faculty of Technology. Chapter Outline. Introduction. Need for Warehousing Management. Primary Functions of Warehouse. Types of Warehouse. A recap of Misty Weaver’s Confab Presentation. Before You Start—. What You Need to Know. How much time do you have?. How much money?. How many people?. Can those people stare at spreadsheets for days. Chris Barnes – Consultant, Product Support Services, QAD. Lean Warehousing. 2. The following is intended to outline QAD’s general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, functional capabilities, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functional capabilities described for QAD’s products remains at the sole discretion of QAD.. Industrial Technology Management . Programme. Faculty . of . Technology. Objectives / Outcomes. At the end of this . chapter, students should . be able to:. Understand industrial logistics management concept. Cheng F Lee. Rutgers University, USA. John Lee. Center for PBBEF Research, USA. 1. Chapter Outline. 21.1 Introduction . 21.2 Bank Loans. 21.3 Characteristics of bank loans. 21.4 Short-Term financing with trade credit. August 2018. The presentation will begin momentarily. Safety Moment . (Carla Adams). Q4 Collections . (Brad Hamman). Accounts Payable . (Steve . Dabrowski. ). Deadlines. Accrual Process. Year-end PwC Inventory / Cash Audits . At CEVA our warehousing services enable our customers to concentrate on their core activities. We have the skills and experience to manage complex supply chains, multiple suppliers and warehousing a Why Implement? Time & $$$!!!. Our old physical inventory process would take all day Friday and Saturday to complete and involved over 250 people. With CISTECH‘s RF Physical Inventory solution we completed our physical inventory in 6 hours... Group . Introduction to the audit cycle. Jean-Pierre . Garitte. Budapest. 29 March 2017. 1. 2. Agenda. Part 1: . Introduction to audit cycle. Part 2: . How does audit cycle connect to our IAM template?. Provide timely customer service. Keep track of items so they can be found readily & correctly. Minimize the total physical effort & thus the cost of moving goods into & out of storage. Provide communication links w/ customers.