Mariana, the IS Manager, Has Just Received a Note from the Accounting

question 13

Essay

Mariana, the IS manager, has just received a note from the accounting department stating that they wish a new purchasing system could be placed on the priority list. The chief accounting officer (CAO) has just learned that three of their competitors have new purchasing systems. Since purchasing has not been considered a key business function in the past, the CAO is concerned that his department lacks the functional expertise to implement a new purchasing system. She feels that purchasing is becoming a strategic necessity for the company and a new system should be in place by this time next year. The CAO has managed the automation of numerous accounting functions, such as the purchase of a combined general ledger with accounts receivable and accounts payable, the custom development of a just-in-time inventory control system, and the management of a financial projections and stock funds project that was contracted to an outside vendor.
What would you recommend Mariana do? Include in your discussion the design strategy selection process and the important characteristics that apply to the strategy selected.

Evaluate the influence of European goods on Native American life and culture.

Understand the dynamics of slavery, resistance, and laws governing slaves in colonial America.

Understand the significance of family structures within slave communities and their impact on slave master strategies.

Identify and describe the contributions of Scottish immigrants to North American society.

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Definitions:

Money Supply

The aggregate financial resources within an economy, including cash, coins, and the funds in checking and savings accounts, at a designated time.

Paper Money

Currency in the form of paper notes issued by the government or central bank as legal tender for transactions.

Federal Reserve System

The United States' primary bank system, tasked with monetary policy management.

National Banks

Financial institutions chartered by the federal government, subject to national banking laws and regulations.