Expenditure and Inventory Management Report 2022

Running head: EXPENDITURE AND INVENTORY MANAGEMENT- LAUREL PTY
LTD
EXPENDITURE AND INVENTORY MANAGEMENT- LAUREL PTY LTD
Name of the Student
Name of the University
Author Note

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EXPENDITURE AND INVENTORY MANAGEMENT- LAUREL PTY LTD
Executive Summary
This report focuses on the expenditure and Inventory Management of the Laurel Pty Ltd.
Through this report, Laurel Pty Ltd. Mr. Laurel will get an idea about the measures of an
appropriate internal control. The shortcomings of the inventory management are discussed
and how the process of purchase to manufacturing process can be done better are discussed
with reference to the proper implications of the internal control management. In the later part,
the implication of the business intelligence in the organization is critically evaluated, with the
main areas in consideration are Management decision making and Efficiency of the
manufacturing process.

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EXPENDITURE AND INVENTORY MANAGEMENT- LAUREL PTY LTD
Table of Contents
Introduction................................................................................................................................3
Discussion..................................................................................................................................3
Answer to Question 1:................................................................................................................3
Answer to Question 2:................................................................................................................7
Conclusion..................................................................................................................................8
References................................................................................................................................10

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EXPENDITURE AND INVENTORY MANAGEMENT- LAUREL PTY LTD
Introduction
The report mainly presents the identification of the internal control weakness of the
Laurel Pty Ltd.’s inventory management and the expenditure process. As Laurel Pty Ltd. is a
manufacturer of car parts, the CEO of the organization try to expand the business, in that
regards all the weakness of the internal controls is being evaluated in the report. The
processes which the organization used in the organization at the time of managing the
inventory and the gap between the purchase and manufacturing process are analyzed with
reference to controls which can be implemented in the existing procedure. In the later part,
the organizational impact on implementing the business intelligence in that organization is
discussed. The two areas which this report is focuses, based on the use of Business
Intelligence and digital dashboards are Management decision making and Efficiency of the
manufacturing process.
Discussion
Answer to Question 1:
Internal Control Weakness Impact of the weakness Control to mitigate the weakness
 Laurel Pty Ltd is a
manufacturer of the
car parts.
 As it is seen from the
internal weakness that
the number of clerks is
pretty low compared to
 In the purchase department, there are 5
departmental heads. It is important for the
organization to implement experienced
members from the higher authority. It will be