Strategic Analysis Assignment - Bell Studio

Strategic Analysis

EXECUTIVE SUMMARY
This report concise about the process which are involved in the process of purchase
system, cash disbursement system and payroll system. Managers uses the flow diagrams to
analyse the process of these system in order to formulate strategies and take competitive edge
over its competitors. It shows the various flow charts which are prepared by the managers of Bell
Studio to analyse their business operation's efficiency. Every system is associated with certain
risks and weaknesses. It is important for the managers of Bell studio to consider all its
weaknesses and the various risk which is associated with it in order to form strategies to improve
its financial statements and its market position.

Table of Contents
EXECUTIVE SUMMARY.............................................................................................................2
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Purchase and Cash Disbursement System...................................................................................1
Payroll system..............................................................................................................................6
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
Strategic analysis is the process in which managers research its organisation's business
environment in order to identify the weaknesses and formulate strategies to overcome those
weakness and take competitive advantages over its competitors (Gaupp and Kuhn, 2016). In
order to analyse managers uses data flow process and flow charts to identify the various steps
which are involved in a particular process. To understand the importance of these flow charts and
system flow diagrams, the purchase system, cash disbursement system and payroll system of
Bell Studio is analysed. Bell Studio is an Adelaide based wholesaler which supplies art, it
procure its inventories from various countries like, Australia, China, Japan and New Zealand.
The Following report contains the detailed analysis of the flowchart of purchase, cash
disbursement and payroll system and identifies its weakness and the risks which is associated
with it.
MAIN BODY
Strategic analyst of Bell Studio an Adelaide based wholesaler which deals in the art
supplies is asked to analyse the process and step which are involved in the purchase and cash
disbursement system and payroll system of the company. It procures its inventory materials from
various countries which includes Australia, Japan, China and New Zealand. It also has a
networked terminals associated with the centralised accounting system. This report will be
presented to the chief operating officer and it covers the flow charts and data flow diagrams
showing various steps involved in each process, it also covers the internal control weaknesses of
these system and the risk which is associated with it (SHAHNAZI, 2017).
Purchase and Cash Disbursement System
Data flow diagram of purchase and cash disbursements system: Following is the
purchase and cash disbursement system of bell studio which states various process which are
involved:
1