Question

In: Economics

1.What information would you need before advising your supervisor about future purchase requirements? 2. Outline the...

1.What information would you need before advising your supervisor about future purchase requirements?


2. Outline the advice you would give to your supervisor about the situation with the product line.


3. Are there any legislative requirements to take into consideration?


4. What recommendations would you give to improve organisational procedures for record keeping?


5. Describe the different ways in which your supervisor could present your report contents to relevant stakeholders within the organisation.


Solutions

Expert Solution

What information would you need before advising your supervisor about future purchase requirements?

The information that one would need before advising a supervisor on future purchase requirements is the organization's resource requirement. This is important since it helps an advisor to give advice that is in line with the organization's resource requirements.

Outline the advice you would give to your supervisor about the situation with the product line.

I would start by outlining the product that the organization will need for the future purpose. Then I would then describe the product by stating its purpose. Then I would explain how the product is going to affect the organization’s future and mission. Afterward, I would explain other similar products from other manufacturers; then, I would state and explain the reason why I have settled on the product. If the product is affected by government regulation, you should also state how it can legally affect the organization. The explanation should be aimed at helping the organization to attain its future financial requirements.

Are there any legislative requirements to take into consideration?

Yes, there are legislative requirements that should be taken into consideration. This is because all the products used must be in line with government regulation, failure to which the government can take legal actions against the organization.

What recommendations would you give to improve organisational procedures for record keeping?

I would recommend that the organization uses electronic forms of storage such as databases, to improve the efficiency of data. Also, I would recommend the organization has a backup plan if the primary storage is destroyed, thus preventing the data from being lost. The back should be located in a different location from the primary storage.

Describe the different ways, in which your supervisor could present your report contents to relevant stakeholders within the organization.

There are different ways of presenting information to stakeholders. One of them includes changing the report into an electronic form and then send it to the stakeholders through an e-mail. Another way is to present the report physically during a shareholder meeting. Also, the supervisor can send a written report to the stakeholders.


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