Question

41

James works in the warehouse for Pulse Manufacturing and regularly receives goods from suppliers. Due to the sudden growth in the business, Pulse Manufacturing are reviewing the efficiency and effectiveness of their warehouse operations. What is one of the best ways Pulse Manufacturing could improve the overall efficiency and effectiveness of the receipt and storage of ordered items?

	a.	Requiring all delivery trucks to have satellite data terminals to expedite the receiving department function
	b.	Requiring all suppliers to use EDI to expedite the receiving department function
	c.	Requiring all suppliers to have the carrier verify quantities and item numbers before shipment
	d.	Requiring all suppliers to include RFID tags on their items

Answer 1

What is one of the best ways to improve the overall efficiency and effectiveness of the receipt and storage of ordered items?

Requiring all suppliers to include RFID tags on their items

Vendor invoices are approved by the accounts payable department, which reports to the controller. The disbursement voucher and supporting documents are sent to the cashier for payment prior to the due date. A non-voucher system posts an approved invoice to the vendor account and stores it in an open invoice file until payment is made by check. A disbursement voucher contains the entire above are correct. One objective of accounts payable is to authorize payment only for goods or services actually ordered and received. The best way to process supplier invoices is to use a disbursement voucher system.

                       In warehouses, distribution centers, and facilities that have deployed automated inventory management technology, barcode labels have become standard operating procedures. But RFID has become a bigger part of the inventory management equation, especially in retail where a number of large companies are using the tags to track goods at the pallet, case, and even item-level at the retail shelf. While RFID has some big advantages over barcode labels, deciding whether to use the technology in your own inventory operations will require weighing the costs and benefits. Below, we’ve outlined some of the pros and cons of using RFID for inventory management. RFID can reduce labor costs

               RFID offers exciting possibilities. It solves some of the biggest problems in supply chain management, like:

1. Collecting, managing, and analyzing large sums of data

2. Keeping labor costs low

3. Optimizing operational costs

4. Using working capital effectively

5. Mitigating security risks

6. Adhering to regulatory and compliance standards