« previous next »

Author Question: Explain the accounting problems faced by organizations using traditional procurement processes. ... (Read 22 times)

dollx

  • Hero Member
  • *****
  • Posts: 558
on: Jul 7, 2018
Explain the accounting problems faced by organizations using traditional procurement processes.
 
  What will be an ideal response?

Question 2

How can organizations fix information silos?
 
  What will be an ideal response?


joneynes

  • Sr. Member
  • ****
  • Posts: 376
Reply #1 on: Jul 7, 2018
Answer to Question 1

One of the problems was to ensure that the three-way match was correct. When discrepancies occurred, the accounting department had to begin a costly and labor-intensive process that required several emails to the warehouse and the supplier to resolve. The other accounting problem was that accounting reports always lagged; they were never up to the minute. This was a result of not sharing real-time accounting data throughout the organization.

Answer to Question 2

One fix to the information silo problem is to duplicate the datamake a copy of the data that is isolated and make it available to the process that needs it. However, when duplicated, the data can quickly become inconsistent when changes are made to only one set of data. The most complete fix to eliminate information silos is to store a single copy of data in a shared database and connect the business processes to that database.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Despite the traditional focus on males, females actively choose mates and are the driving force in t Despite the traditional focus on males, females actively choose mates and are the driving force in t
The four processes of pharmacokinetics: absorption, distribution, metabolism, and excretion. The four processes of pharmacokinetics: absorption, distribution, metabolism, and excretion.
Processes of the Middle and Upper Troposphere: Rossby Waves and Vorticity Processes of the Middle and Upper Troposphere: Rossby Waves and Vorticity
My question is relating to impulse problems. My question is relating to impulse problems.
Physics - Motion (Please help me solve these problems, I really need help) Physics - Motion (Please help me solve these problems, I really need help)
question in cost accounting question in cost accounting
Video: Evolutionary tree of life Animation

For a complete list of videos, visit our video library