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    MGMT6003 Operations Management

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    Part 1- Create an operations plan and a process map for a product or service, including finding a suitable mechanism/methodology by which to present it....

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    INTRODUCTION:-

    It is important to understand the principle of operation management with strategic perspective. It is the best form to understand that for any organization which is oriented towards outcome and goal it depends entirely on the resources it use for the delivery of the output. It is important to ensure that we have to manage our resources in order to get the best and maximum possible outcome. It has to be noted that the operations management has its root deep grounded back in the history, which has been described in the Skinner’s Pioneer work (1969, 1974), he has described the following ideas,

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

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