Inventory Procurement System
2
CLIENT COMPANY : Lakeside Company SYSTEM: Inventory Procurement System Controller Inventory Benjamin Rogers (President) Treasurer NT!S" #$ Proces ses detail s regardi ng purc% ases and sales &or t %e past 'eek to e &or'arded to #T # Processing Systems$ B$ #naly*e + notes inv entory it ems t%at ap pear to e l o' t%en cre ates a ,Purc%ase Re-uisition. &orm &or replenis%ment$ C$ /inal re vie' o & t%e document $ $ is cusses any conc ern to T%omas$ !$ rigina l ,Purc% ase Re-ui sition . &orm is voided+ t%en creates a ne' one$ F. Thoma s also receiv es “Specia l-Ord er Mercha dise! "o r #hose o# he ld i s#oc$ i #he %areho&se. '. (loa ds merch adis e ad i spec# "or dama)es. *. M a# c he d. I. Prices are comp ared #o #he mas #er pri ce lis# + also # he ri) h# amo& #s are # he e,#eded ad "oo#ed. . O #he d&e da# e "or ms are removed a d a chec $ is pre pared " or #he appropria#e amo&# a"#er red&ci) #he /alaces "or a0 cash disco&#+ #reas&rer #he %ri#es “PAI1! across #he ivoice ad idica#e #he chec$ &m/er. Inventory Purchase Journal Current Inventory Balances 2 Purchase and Sales Data A Updated Purchase and Sales Data T o DATA *identity *quantit y * 2 Receivin Report ! " Ship#en Inventor y Dept$ Controll er Dept$ 2 % & ' 'ro# Custo#e r Requests *quantity *descriptio Purchase Requisition B N serves as a Purchase T o Cypre ss Purchase Requisition ! N ) Y Chane Y D Pro+le# C Chec, J By Due Date Purchase Requisition -endor Invoice Receivin Report .aster Price /ist I 0 -endor Invoice 'ro# Cypre ss Purchase Requisition ! Receivin Report !
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Inventory procurement flowchart
Transcript of Inventory Procurement System
CLIENT COMPANY: Lakeside CompanySYSTEM: Inventory Procurement SystemControllerInventoryBenjamin Rogers (President)Treasurer
Inventory Purchase JournalCurrent Inventory Balances 2Purchase and Sales DataAUpdated Purchase and Sales DataTo DATA*identity*quantity*condition 2Receiving Report 1GShipmentsInventory Dept.Controller Dept. 2 4 3FFrom Customer Requests*quantity*descriptionPurchase RequisitionBNserves as a Purchase OrderTo CypressPurchase Requisition 1NEYChange?YDProblem?CCheckJBy Due DatePurchase RequisitionVendor InvoiceReceiving ReportMaster Price ListIHVendor InvoiceFrom CypressPurchase Requisition 1Receiving Report 1
NOTES:A. Processes details regarding purchases and sales for the past week to be forwarded to DATA Processing Systems.B. Analyze; notes inventory items that appear to be low then creates a Purchase Requisition form for replenishment.C. Final review of the document.D. Discusses any concern to Thomas.E. Original Purchase Requisition form is voided; then creates a new one.F. Thomas also receives Special-Order Merchandise for those not held in stock in the warehouse.G. Unloads merchandise and inspect for damages.H. Matched.I. Prices are compared to the master price list; also the right amounts are then extended and footed.J. On the due date, forms are removed and a check is prepared for the appropriate amount after reducing the balances for any cash discount; treasurer then writes PAID across the invoice and indicate the check number.
