The weakness is No batch total check which means After manually entering data, there is no batch total check, so it is hard to make sure the number entered is correct. This is breach of impact on information goal: Accuracy. Please answer below question : 1. Write The justification behind this weakness of LAF's purchase process. 2. why it can be considered as weakness?
Question
The weakness is No batch total check which means After manually entering data, there is no batch total check, so it is hard to make sure the number entered is correct. This is breach of impact on information goal: Accuracy. Please answer below question : 1. Write The justification behind this weakness of LAF's purchase process. 2. why it can be considered as weakness?
Solution
-
The justification behind this weakness of LAF's purchase process is that without a batch total check, there is a higher risk of human error. When data is manually entered, mistakes can easily be made such as typos, transpositions, or omissions. A batch total check is a control measure that adds up all the data entered in a batch to provide a total that can be cross-checked with the expected total. This helps to ensure that all data has been entered correctly and completely. Without this check, there is no easy way to verify the accuracy of the data entered, which can lead to errors in the purchase process.
-
This can be considered a weakness because accuracy is a critical aspect of any business process. Inaccurate data can lead to a variety of problems, such as incorrect orders, overpayments, underpayments, and misinterpretation of financial information. This can result in financial losses, damaged relationships with suppliers, and poor decision making. Therefore, not having a batch total check in the purchase process is a significant weakness that can negatively impact the accuracy of the company's financial information.
Similar Questions
The weakness is Data entry errors when creating purchase order which means Errors are possible when manually entering information such as quantity. This is breach of impact on information goal: Accuracy. Inventory could be overstated or understated. Please answer below question : 1. Write The justification behind this strengths of LAF's purchase process. 2. why it can be considered as weakness?
The weakness is Some inventory ordered may not be received which means Sometimes the goods in store order are not in sufficient stock and there is no follow-up processing for these orders that are out of stock. This is breach of impact on information goal: Completeness (detail). No impact—just an operational issue Please answer below question : 1. Write The justification behind this weakness of LAF's purchase process. 2. why it can be considered as weakness?
The weakness is May process the purchase requisition for the same inventory which means As flowchart 5 combines warehouse requirement and manufacturing requirement together, the two separate teams may order the same goods twice. This is breach of impact on information goal: validity. Inventory overstated Please answer below question : 1. Write The justification behind this weakness of LAF's purchase process. 2. why it can be considered as weakness?
Context: The weakness is May missing purchase requisition which means As all picking lists are paper documents, it is easy that some purchasing requisition may be lost. This is breach of impact on information goal: Completeness (Event). No impact—just an operational issue Please answer below question : 1. Write The justification behind this weakness of LAF's purchase process. 2. why it can be considered as weakness? [object Object]
Automatically allocating transaction number：Automatically check the purchase requisition and add the allocation number. Impact on information goals: Completeness (Event). Please answer below question : Write The justification behind this strengths of LAF's purchase process. why it can be considered as strength?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.