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?
Question
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?
Solution
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The justification behind this weakness of LAF's purchase process is that it lacks a centralized system or mechanism to track and manage inventory requirements. When the warehouse and manufacturing requirements are combined, there is a high chance of duplication in ordering the same goods. This is because the two teams may not have a clear communication or understanding of what the other team has already ordered or requires. This lack of coordination and transparency can lead to overstocking of inventory, which is not only a waste of resources but also can lead to financial losses.
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This can be considered as a weakness because it directly impacts the information goal of validity. Validity in this context refers to the accuracy and correctness of data. When the same goods are ordered twice, the inventory data becomes overstated, which means it is not accurate or valid. This can lead to incorrect decision making, such as ordering more goods when they are not needed, or not ordering enough when they are needed. This can also lead to inefficiencies in the supply chain and can negatively impact the overall operations and profitability of the company.
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