Urgent!

Please complete the given table as it is and state 8 requirements along with how well each vendor has met them by giving reason and provide recommendations as well. I've provided the responses to Lab 4.

Lab 5 - Vendor Selection

The purpose of this lab is to demonstrate your ability to select a software vendor that best meets the requirements outlined in Lab 4.

Current Situation

• Acme manufacturing is located in Kansas City, MO
• Total employees - 200
  • 50 office employees, e.g. CEO, Sales, Finance/Accounting, HR, IT, Legal, Engineering
  • 150 employees in manufacturing
• Revenue - $50M annually
• Product
  • Speciality project used in construction
  • Weighs 4 ounces
  • Inventory held in 3 warehouses, east, mid-west, west
  • Product is $5/unit, the average sale is 20 units ($100)
  • Product sold via company website (credit cards) or telephone orders (purchase order)
  • Products sold domestically in the US only (no international sales)
  • Discounts offered to loyal customers

Assignment

• You have now created your 8 high-quality requirements from Lab 4. The goal of this lab is to recommend a software vendor to meet your requirements. Use the following table to present your work:

Requirements	Vendor 1 Name	Vendor 2 Name
Requirement 1	Indicate how well the vendor meets your requirement and score the vendor from 1 (does not meet) to 5 (exactly meets) your requirement	Indicate how well the vendor meets your requirement and score the vendor from 1 (does not meet) to 5 (exactly meets) your requirement
Requirement 2	Indicate how well the vendor meets your requirement and score the vendor from 1 (does not meet) to 5 (exactly meets) your requirement	Indicate how well the vendor meets your requirement and score the vendor from 1 (does not meet) to 5 (exactly meets) your requirement
Requirement 3	Indicate how well the vendor meets your requirement and score the vendor from 1 (does not meet) to 5 (exactly meets) your requirement	Indicate how well the vendor meets your requirement and score the vendor from 1 (does not meet) to 5 (exactly meets) your requirement
Requirement 4	Indicate how well the vendor meets your requirement and score the vendor from 1 (does not meet) to 5 (exactly meets) your requirement	Indicate how well the vendor meets your requirement and score the vendor from 1 (does not meet) to 5 (exactly meets) your requirement
Requirement 5	Indicate how well the vendor meets your requirement and score the vendor from 1 (does not meet) to 5 (exactly meets) your requirement	Indicate how well the vendor meets your requirement and score the vendor from 1 (does not meet) to 5 (exactly meets) your requirement
Requirement 6	Indicate how well the vendor meets your requirement and score the vendor from 1 (does not meet) to 5 (exactly meets) your requirement	Indicate how well the vendor meets your requirement and score the vendor from 1 (does not meet) to 5 (exactly meets) your requirement
Requirement 7	Indicate how well the vendor meets your requirement and score the vendor from 1 (does not meet) to 5 (exactly meets) your requirement	Indicate how well the vendor meets your requirement and score the vendor from 1 (does not meet) to 5 (exactly meets) your requirement
Requirement 8	Indicate how well the vendor meets your requirement and score the vendor from 1 (does not meet) to 5 (exactly meets) your requirement	Indicate how well the vendor meets your requirement and score the vendor from 1 (does not meet) to 5 (exactly meets) your requirement
Recommendation	Indicate why you do/do not recommend vendor X and the total score from your requirements	Indicate why you do/do not recommend vendor X and the total score from your requirements

Following is an example:

When transitioning to a new system, files should be easily maneuverable, historical data will be stored, and other data will be consolidated within the system

2- You can export previous data from one QuickBooks software to another, it does not seem as if you can transfer from an entirely different software to QuickBooks.

4- NetSuite offers data migration, that allows users to easily maneuver customer data from one software to another. (Lot of steps involved)

The responses to Lab 4 are:

1. Each week, the existing data entry procedures take at least two days to complete. The new technology should guarantee that database entries are completed within four hours.
2. At the moment, financial reports are much too brief and imprecise to be utilized for decision-making. Financial reports for the new system must be extensive and detailed enough to support key company decisions.
3. Numerous manual mistakes arise as a result of the constraints we face. This has to be corrected, and the new accounting system should have no errors.
4. Invoice approval and cash payments take an inordinate amount of time. This is an issue that affects both customers and staff. Thus, the new system would provide a rapid approval procedure for bills and cash disbursements.
5. Staff expenses may be decreased since all work is now performed manually by hired personnel. The new system will assist in reducing personnel costs and ensuring that the whole system operates effectively.
6. At the moment, our departments lack access to consolidated data and each department maintains its own set of data. This will change with the new accounting system, since we will have consolidated data that all departments will have access to.
7. We lack the necessary scalability to accommodate the organization's development. By using modern accounting software, the firm gains more scalability as it expands.
8. We must safeguard and conveniently keep our company's critical data in an accounting system. Due to the fact that we only have a manual storage facility, this compromises the company's safety and professionalism. The new accounting system will enable us to store firm data securely.