Managing the risk of material misstatement in the purchasing process is critical. Identify two different industries and analyze how these risks differ from one industry to the other. Also, identify internal controls that could help to keep these misstatements to a minimum.
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Managing the risk of material misstatement in the purchasing process is critical. Identify two different industries and analyze how these risks differ from one industry to the other. Also, identify internal controls that could help to keep these misstatements to a minimum.
Two different industries where the risk of material misstatement in the purchasing processmay differ are the manufacturing industry and the retail industry.
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- Develop a list of topics that nonpurchasing personnel should be allowed to talk about with their counterparts at suppliers. Develop a list of topics that only purchasing should be allowed to talk about with suppliers.Develop a list of topics that nonpurchasing personnel should be allowed to talk about with their counterparts at suppliers. Develope a list of topics that only purchasing should be allowed to talk about with suppliers.Briefly describe the primary risk mitigation strategies based on the idea of flexibility that supply chain managers can use.
- What is supply chain risk and provide an example of it.Prepare a short research paper explaining how to source computer chips which will be used in the manufacturing of the computers for your company who is planning to build them in China. Be sure to explain the entire sourcing and qualification process necessary in developing the entire Supply Chain. Explain the key factors involved and how they will impact your operations. Identify all companies you will be considering as vendors and explain why their selection. The paper should be double spaced in MLA format and contain at least 2 academic references not including textbook which can be used as well and as many websites needed, all will need to be MLA format on a separate reference page.how would you ensure quality of suppliers during a crisis?
- ASSIGNMENT As a procurement officer of your organization, identify and list all risks associated with each stage in your organization's supply chain. As a pre-requisite, briefly describe the nature of operation of your organisation in less than a paragraph. Use any risk assessment tool to evaluate and rank the identified risks in "question 1" in order of importance or priority. Briefly describe the processes that informed the ranking.Based on your own understanding, make an explanation on what you know about Section III and VII of AMTMCC.Please briefly explain why the correct option is right and why the other options are incorrect. 1) Which of the following is the PRIMARY reason for institutionalizing continuous improvement in the supply chain? a)To help suppliers enhance capability in their processes, allowing both the buyer and supplier to reap the benefits b)To determine where the supplier is making errors without raising costs in the supply chain c)To enable suppliers to voice concerns about how the organization is managing contracts with the supplier d)To make the buying organization more receptive to supplier concerns, including any negative feedback