Although CPK Corporation Had a Process for Paying Vendor Invoices

question 55

Essay

Although CPK Corporation had a process for paying vendor invoices, Lindsay thought it didn't work well.So, she used her own system without telling her supervisor or co-workers.Assume the process would be classified as "chaotic" using the capability maturity model.For each subsequent level of the CMM, suggest one action Lindsay should take to improve the process.

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Definitions:

Unpredictable

Not able to be predicted or foreseen; capable of happening without any prior indication.

Core Competencies

Core Competencies are the unique strengths and abilities that a company or an individual possesses, providing distinct competitive advantages over opponents or the unique propositions one offers in the marketplace.

Payroll Administration

Payroll administration encompasses the tasks involved in managing the compensation of employees, including calculating wages, withholding taxes, and ensuring compliance with labor laws.

Innovation

The process of translating an idea or invention into a good or service that creates value or for which customers will pay.