Several Symbols That Might Be Used in a Systems Flowchart

question 53

Essay

Several symbols that might be used in a systems flowchart of the acquisition / payment process are listed below. Indicate which symbol should be used to depict each of the following. Some symbols may be used more than once; others may not be used at all. a. Bill of lading b. Electronic vendor file c. End d. File manually by due date e. Manually count inventory f. Move to next page g. Prepare check h. Purchase requisition i. Sufficient inventory on hand? j. To vendor

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Definitions:

Inventory Transfers

The movement of goods from one location to another within the same company, often between warehouses or from a warehouse to a retail location.

Storage Space Costs

Expenses associated with leasing or owning physical space to store inventory, materials, or equipment.

Variable

An element, feature, or factor that is likely to vary or change; often used in statistical or scientific studies to measure effects or outcomes.

JIT

Just-In-Time; a supply chain management strategy aimed at reducing inventory costs by receiving goods only as they are needed in the production process.