A phone manufacturer is planning to use data analytics to examine certain types of basic information related to the manufacturing of its phones overseas. Which of the following would be an example of a data analytics-related project this company may consider implementing to ensure that their accounts payable department is paying authorized vendors delivering products to the company’s warehouses?Select answer from the options belowChecking to determine if vendors have sent multiple invoices to the company for the same orders.Matching the purchase order to a receiving report and the vendor’s invoice.Calculating the number of days it takes to pay each respective vendor invoice.Comparing the total number of phones ordered to the total number of phones delivered to the company warehouses.
Question
A phone manufacturer is planning to use data analytics to examine certain types of basic information related to the manufacturing of its phones overseas. Which of the following would be an example of a data analytics-related project this company may consider implementing to ensure that their accounts payable department is paying authorized vendors delivering products to the company’s warehouses?Select answer from the options belowChecking to determine if vendors have sent multiple invoices to the company for the same orders.Matching the purchase order to a receiving report and the vendor’s invoice.Calculating the number of days it takes to pay each respective vendor invoice.Comparing the total number of phones ordered to the total number of phones delivered to the company warehouses.
Solution
The best example of a data analytics-related project that the company may consider implementing to ensure that their accounts payable department is paying authorized vendors delivering products to the company’s warehouses would be "Matching the purchase order to a receiving report and the vendor’s invoice." This process would allow the company to verify that the goods received match the goods ordered, and that the invoice received matches both the goods received and the goods ordered. This would help to ensure that payments are only made for authorized transactions.
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