In a meeting of the department heads of a company, the purchase procedure and materials accounting were
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In a meeting of the department heads of a company, the purchase procedure and materials accounting were strongly criticised and blamed for high cost of materials. The Managing Director of the company authorises you to investigate and suggest improvements. Give your suggestions indicating the assumptions on which they are based.
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Improving the purchase procedure and materials accounting can significantly reduce costs and enhance efficiency within a company Here are some suggestions for improvement along with the assumptions un...View the full answer
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