Question A Ire

  • May 2020
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BALANCED SCORECARD PERSPECTIVE OF SAN MIGUEL PUREFOODS, A DIVISION OF SAN MIGUEL CORPORATION

1. Organizational perspective of the company 1.1 Capitalization 1.2 Employment a. An offer of employment does not guarantee [ ]

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for any length of time and each party may terminate the relationship at anytime. b. If an individual is satisfactory fit for the

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position, he or she is given an official offer of employment within the company for a defined starting salary and position. c. The human resources department handles the [ ]

new hires and disbursement of any benefits which the employee may be entitled, or any grievances that employee may have. 1.3 Production 1.4 Marketing a. The management should be responsible for [ ]

identifying, anticipating and satisfying customer requirements. 1.5 Technology

2. Inventory Control Management Variable 2.1 Inventory items 2.2 Volume 2.3 Purchasing systems

2.4 Purchase delivery system

3. Decision Makers Involve in Inventory Management 3.1 Purchase requisition a. A purchase requisition should never be used [ ]

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a. Items/goods can be receive by anyone in the [ ]

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to purchase goods or be used as an authorization to pay an invoice from a supplier. b. It is an authorization for a purchasing

Department to procure goods or services. c. It is owned by the originating department

and can be changed by the purchasing department without the approval from the originating department 3.2 Authorization of Purchases a. Requests for purchases of goods and

services are documented and routed for approval. 3.3 Receipts of Delivery office. b. Goods delivered should be same as the

goods being purchased. 3.4 Authorization of Requisition of materials and Supplies a. Requisition of materials and supplies

can be done by any employees. b. Requisition of materials or supplies

should be approved by the authorized

personnel of an organization. 3.5 Acquisition of Inventory

Problems-encountered 1. The cost of implementing Inventory Management Is where from the benefit received.

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2. Absence of defined written policies and procedures [ ]

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For inventory management. 3. Control procedure not be disproportionate to the

Potential loss due to fraud or error. 4. The procedures may become inadequate due to

Changes in condition and compliance.

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