Complex system of keeping track stock

Assignment Help Finance Basics
Reference no: EM132799854

Read the case study. Write down your answers to the questions. Case study

When Hana started work at Jamestown Motors, she was given the task of reviewing and reorganising the information found on the electronic filing system. The computer systems had been linked so that all staff at Jamestown Motors could use the electronic filing system to access, store and retrieve the data they needed. Because on-one had actually taken responsibility for the system, it was disorganised. It had become clogged with information that was either out of data or stored in the wrong place.

For example, customer details were stored in three databases:

Database one should store customer transactions from 1998-2003.

Database two should store customer transactions from 2003-current.

Database three should store customer details from 1998-current. 

In reality, no-one really bothered which database they put the information in so staff often had to check the three databases to find the information they were looking for. 

Jamestown Motors also had a complex system of keeping track stock. The inventor or stock management system was complex. The mechanics did not like using the computer system so they wrote down the stock (including spare parts) they used on scrap paper and left it in a wire basket on the reception desk for someone else to enter into the system. As or result, Jamestown often found it had too much or too little stock because the system was not maintained. 

At Jamestown Motors, staff hours are logged into the computer and the weekly pays are generated from this information. However, this information was not regularly updated and as a result the system was not very accurate. Hana found active records for staff who had left Jamestown Motors six years before. These files should have been archived!

Hana knows that updating the system is a big job and has asked you to help her reorganise the information on the electronic filing system to ensure the information is relevant, accurate and up to date. She also wants to ensure that the system is simple, to ensure staff use the system to store and retrieve data. 

  1. Before Hana starts to reorganise the system, what research must she do to ensure the revised electronic filing system meets Jamestown Motors requirements?
  2. How will Hana determine what information to keep and what to dispose of?

Reference no: EM132799854

Questions Cloud

What makes tawney account so powerful : How do RH Tawney and Robert Graves' accounts of the Battle of the Somme compare? Can you find any passages about actual combat in Graves's classic memoir.
What are some of the similarities between the two eras : There has been a resurgence of anti-Asian attacks in broad daylight in San Francisco, CA in recent days. What are some of the similarities between the two eras.
What civilization and region does the stele originate from : What civilization and region does the stele originate from? What is shown on the stele? Is it all imagery? Text? A combination of the two?
Calculate taxable income for a married couple filing jointly : Calculate taxable income for a married couple filing jointly. Capital gains realized on assets held less than 12 months 1,450
Complex system of keeping track stock : When Hana started work at Jamestown Motors, she was given the task of reviewing and reorganising the information found on the electronic filing system. The comp
What was first solar competitive advantage : 1. What was First Solar's business- level strategy? 2. What was the best evidence of this strategy?
Developing an annotated bibliography using given details : Developing an Annotated Bibliography. You are to compile a 10 source annotated bibliography for your topic using the APA format (please review an example).
Calculating taxes on security transactions : Calculating taxes on security transactions - She sold stock for $1,000 that she purchased for $1,500 15 months earlier
What is the typical sequence of events : What is the typical sequence of events involved in the employee grievance process? Explain the budget cycle and the four sequential steps critical for a top.

Reviews

Write a Review

Finance Basics Questions & Answers

  Measure the value of the company

A company has expected cash flows of $ 1.85 million. $ 2.25 million, and $2.92 million in the next three years For Years 4 through 10.

  What is th expected return of the portfolio

You are the investment manager you have three assests. Treasury Bills, Carclays corporate bond fund, and Large Capt Stock. Bond Fund: Expected return is 6% and standard deviation is 9%

  Calculate a delta neutral position

You have 500 shares purchased at $ 87 per share A call with a delta of 0.7 and a strike of 87.50 sells for 0.90 (premium)

  What is the difference in the interest amounts

We will be purchasing a home for $135,000. The first thing that most banks require is a down payment. The typical down payment that banks require is 20%.

  Expected eps under both financing options

Find out the expected EPS under both financing options at the given EBIT levels of Rs. 2 crores and Rs. 7.5 crores. What should be choice of the company

  Project that has cash flows as shown in the table below

The company has a 12% required rate of return and expects a 3% rate of inflation for the following four years. What is the NPV of a project that has cash flows

  What would the risk-free rate have

Stock Y has a beta of 1.4 and an expected return of 13 percent. Stock Z has a beta of 0.85 and an expected return of 10.4 percent.

  Questions for a fixed-rate mortgage

Part One. Please answer the following questions for a fixed-rate mortgage as a fully amortizing mortgage loan made for $175,000 at 4.5% interest for 30 years.

  How much deposit must you make today assuming interest

John Deposits $500 in a savings account at 5% interest for 5 years. At the end of the period how much will he have if no withdrawals are made.

  What is the expected price of this stock one year from now

The historical P/E ratio is 16.2 and the historical P/S ratio is 7.6. What is the expected price of this stock one year from now?

  Calculate the total future dollars at the end

Calculate the total future dollars at the end of the holding period under the following two scenarios:

  Del mare inc earned net income of 210000 during the year

del mare inc. earned net income of 210000 during the year ended december 31 2012. on december 15 2012 del mare inc.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd