Question

Create a narrative for simple revenue cycle and expense cycle business process for a company that produces automobiles.

Answer 1

In the automobile business, the income cycle starts with the completed item. For instance, if some X Corporation makes Spare parts and advances those features through a business staff, a salesman may contact potential clients. In the event that the salesman gets a request, the ordinary system may be to check organization records to guarantee that adequate stock is available. Credit might be broadened and a business request put. In bigger organizations, the request would then be sent to transportation where the fitting number of parts is picked from stock and stuffed for delivery to the client. The business request, picking and pressing records may then be moved to bookkeeping where a receipt is made. At the point when the parity is paid and clears records of sales, the income cycle for this deal would be finished.

The present worldwide automobile industry is brimming with circumstances and dangers which are all over the place — in developing and develop showcases the same. Notwithstanding, productive development is getting progressively hard to accomplish because of difficulties won from the inventory network to the retail condition. Presently, the car business has a lot of everything —

a lot of limits, an excessive number of contenders and a lot of repetition and cover. The industry is in the grasps of a worldwide value war.