Business Report: Laurel Pty Ltd Inventory and Business Intelligence

This business report examines Laurel Pty Ltd's inventory management system, from purchase to manufacturing, highlighting internal control weaknesses such as document mismanagement, defective cameras, and combined purchasing/requisitioning functions. The report analyzes the impact of these weaknesses, like product loss and unauthorized transactions, and proposes mitigating controls. It then explores the benefits of Business Intelligence (BI) systems and digital dashboards, emphasizing their role in improving decision-making, efficiency, and providing a competitive advantage. The report concludes by showing how BI and digital dashboards can enhance the efficiency of the management process by monitoring, rationalizing, and communicating records, thereby supporting efficiency and helping the company in evaluating daily metrics, ultimately improving the overall performance and strategic goals of Laurel Pty Ltd.