User talk:Ruriya orm bacc
Add topicLook a supply chain management package in detail. What financial and accounting information system does it deal with? ฺฺBoth of Supply Chain Management and Financial and Accounting Information System use the software to process data or information the same and working as step by performing a set of activities or any transactions to transform inputs into outputs. There are also improve the data the same too.
An accounting information system (AIS) is the system of records a business keeps to maintain its accounting system. This includes to collect, process, the purchase, sales, and report information related to the financial processes of the business events. The purpose of an AIS is to accumulate data and provide decision makers (investors, creditors, and managers) with information. For example, the input of your AIS is a sale such as mobile sale,you process the sale by recording the sale transactions in the sale journal and then classifying the data by using a chart of accounts and posting to general ledger. Therefore, AIS will output in trial balance and financial statement.Now, most businesses use accounting software in an electronic financial accounting system. For example, some systems allow direct journal posting to the various ledgers and others do not.
About Supply chain Management (SCM) is the combination of processes and procedures used to ensure the delivery of goods and services to customers at the lowest cost while providing the highest value to customers. There is software in processing to helps and organization process the steps in the supply chain. Software will product are available to perform individual functions and to perform complete steps or several of the steps. At first, SC planning software accumulates data about orders from retail customers, sales from retail outlets and data about manufacturing and delivery capability to assisting in planning for each of the SCM steps. These products is demand planning software used to determine how much product is needed to satisfy customer demand. Except this, software is assigned as it receives customer orders, appropriate warehouse and invoice(bill) the sale.
What are the advantages of using this module? - Lower cost to the customer - Higher availability of the product (for the customer, production, etc.) - Higher availability landing to lower backorder costs. - Higher response to customer request for product customization and other specifications. - Reduced inventories along the supply chain. - Improved relationship between buyers and sellers. - Smooth workloads due to planned goods arrivals and departures, leading to reduced overtime costs. - Reduced item costs as results of planned purchases through contests and other arrangement. - Increased customer orders due to improve customer responsiveness - Reduced product defects through specifying quality during planning and sharing defect information with suppliers during execution
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