answersLogoWhite

0

Material management Department. Receive, store and issue the goods

User Avatar

Wiki User

12y ago

What else can I help you with?

Continue Learning about Other Business

What does LP means in brick warehouse LP?

In business terms, it just simply means Limited Partnership since Brick Warehouse is a legal business entity. Therefore, Brick Warehouse LP is the same as Brick Warehouse Limited Partnership.


DSW Inc what does the DSW mean?

Designer Shoe Warehouse


What sector does tesco operate under?

Private sector - Retail/warehouse


What department promotes business interests?

Department of Commerce


Relationship between purchasing department and other departments?

In a firm with a good system of internal control, all purchases of machinery, equipment and materials must go through the purchasing department. The department that wishes to purchase something cannot directly order it, but instead creates a document called a requisition, which must be approved by the appropriate person (i.e., the one with the authority to approve the purchase). The requisitioning department sends the approved requisition form to the purchasing department. The purchasing department should be familiar with various outside vendors, and it will locate the vendor who is offering the requisitioned item for the lowest possible price. It will order the goods from that vendor. It will then issue an approved purchase order and send it to the chosen vendor as the vendor's authorization to ship the goods. The purchasing department sends a copy of the purchase order to accounts payable and to the receiving (warehouse) department that will accept the purchased goods when they arrive. In a good system, the quantity of order goods does not appear in the receiving department's copy, forcing that department to manually count the number of items received, to confirm independently that the number of items received equals the number ordered. When the goods are received, the receiving department creates a receiving report and delivers the goods to the requisitioning department (and it should require the requisitioning department to sign off on the report, indicating that it received the items it requisitioned). When the vendor sends its invoice to accounts payable, that department will match that invoice to its copies of the purchase order and the receiving report, to make sure that everything on the invoice has in fact been properly ordered and received by company personnel before the invoice is authorized for payment. The purchasing department is a control on the purchase of items to be paid for by the company. It prevents company personnel in different departments from ordering items without authorization and at too high a price, and it helps to ensure that all authorized purchases are captured by the firm's accounting system.

Related Questions

When was Kaufmann's Department Store Warehouse created?

Kaufmann's Department Store Warehouse was created in 1901.


Which department confirms a production?

warehouse


Is warehouse under accounts department?

The warehouse is typically not part of the accounts department; instead, it falls under operations or supply chain management. The warehouse handles inventory management, storage, and distribution of goods, while the accounts department focuses on financial transactions, budgeting, and reporting. However, both departments may collaborate closely to manage inventory costs and financial reporting related to stock levels.


Where is the underground warehouse in HeartGold?

The bf in the department store and in the underground hall thingy in goldenrod city


What is a smaller version of a data warehouse?

What are the three most common forms of data warehouses? is a smaller form of a data warehouse that is often used by a single department or function. An independent data mart is a tiny warehouse that is built for a strategic business unit (SBU) or a department, but it does not have a central data source (EDW). To learn more about data science please visit- Learnbay.co


What is the relationship between purchasing and warehouse department?

The purchasing and warehouse departments are closely interconnected within a supply chain. The purchasing department is responsible for sourcing and acquiring goods, ensuring that the right products are obtained at the best prices. Meanwhile, the warehouse department manages the storage, inventory control, and distribution of those goods. Effective communication between these departments is crucial to optimize inventory levels, reduce costs, and ensure timely fulfillment of customer orders.


Where is the underground warehouse in soul silver?

It shoud be B1 in the goldenrod city's department store. You'll have to use the elevator.


What is a data mart?

In the data warehouse, the access layer is a data mart. Data marts are subsets that are used for a specific department.


What is data marts?

In the data warehouse, the access layer is a data mart. Data marts are subsets that are used for a specific department.


Where is the under ground warehouse in goldenrod city in Pokemon soul silver?

after obtaining the warehouse key take the elevator in goldenrod department store down to B1 floor. many pretty useful items like revives and evolution stones. simples!


How much does a frito lay warehouse worker make?

A pretty good amount of money. Enough to live comfortably depending which department you're in I guess.


What business is Yale Forklift in?

The company known as Yale Forklift is a leading company in the department of forklifts. This company offers warehouse and forklift services to it's consumers.