Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
" I fully understand and share the concern. Reducing red tape minimizes costs and also reduces the chance for miscommunication and errors. Red tape can be detrimental to productivity.
However, I can assure you that the recommendations in question are not red tape but are based on a sound understanding of the ramifications of insecure data. Insecure data could cost Southwest its relationships with clients and suppliers. Therefore, I urge you to consider the following information security issues before reconsidering my proposals.
Issue 1: Southwest's clients and suppliers are our most valuable assets. We have cultivated relationships with many of our clients and suppliers over the course of the company's existence.
Issue 2: Although I am relatively new at Southwest, I am not new to the field of accounting or to the field of information security.
Issue 3: Southwest's data is sensitive and vulnerable. At any time, a malicious employee, former employee, or competitor could obtain our records on suppliers, customers, inventory, and payroll. Securing Southwest's data is crucial to securing the future of the company.
Issue 4: Increasing information security involves relatively simple control procedures. At first glance, those procedures may seem like "unnecessary red tape." They will require some employee training. That training will be minimal, however, as the proposed security controls are simple, straightforward, and easy to implement.
Issue 5: No training session will be needed, as I will compose a company-wide memorandum detailing the new information security system.
Issue 6: I propose that the system be implemented gradually to minimize confusion and reduce the possibility for errors.
Issue 7: The control procedures will begin...
Passwords will be offered to trusted employees. This will not only serve to protect our data immediately but also to provide a clear means of identifying potential perpetrators of data misuse.
Issue 8: Please review the following types of data that could be compromised if stricter controls are not implemented immediately:
Client information: If leaked to competitors, could lose us our most valuable asset.
Supplier information: If leaked to competitors, could increase our operations costs.
Accounting information: If vulnerable to attack could entail malicious employees altering payroll data.
Company communications: If accessible or alterable, could lead to serious legal ramifications.
Client and supplier data is crucial to the future of our firm and it is our obligation to protect that information. Accounting data is also sensitive. The possibility of legal, ethical, and fiscal problems is too great to be ignored. Information cannot be physically guarded in a vault. Strong controls will eliminate the possibility that company data will be compromised.
Therefore, I urge to you to review the proposals for an information control system. I welcome any input you have regarding those controls, especially input that might improve the security of sensitive Southwest data. If you can recommend any other security control measures, we may be able to come up with a feasible plan that can be implemented immediately.
If you need to familiarize yourself farther with information security issues, I urge you to read the book I am enclosing with this memorandum. I look forward to working with you in the future as we collaborate on how to best protect Southwest and secure its market position.
Inventory Management The Inventory System at Apple The paper looks at the inventory system utilized by Apple Inc. According to the 10-k Apple account for the inventory using a first in first out (FIFO) system. The stock is fast moving and the efficiency which results in the company only having approximately five days worth of stock on hand at any point in time is facilitated through the use of a perpetual inventory
Inventory System Upgrade The project aims to develop a system whereby inventory maintenance would become easier, efficient and less time-consuming. This proposal includes a change in management practices, use of advanced technology and a system that would ensure minimum deterioration of facilities. Four school administrators will take part in the implementation of this plan. Out of them, the most experienced one is selected as project leader because only implementation and planning
Myers-Briggs is a personality inventory system that is based on Carl Jung's theory of personality types. It has been well researched and is a popular model. Personalities are classified by different categories in which there are two poles by someone can be rated between a spectrum that lies between them. For example, someone can be introverted or extroverted or somewhere in between the two poles. This measure is based off
52). The researcher handles or controls the items differently. It is a form of Pareto analysis where items such as customers, documents, activities, inventory items, sales territories grouped into three categories namely a, B, and C. In order of their estimated importance. Consequently, 'A' items are very important, 'B' items are important, and 'C' items are marginally important. The organization gives 'A' rating to their best customers since they
Inventory The organization I want to study is Wal-Mart, the world's largest retailer. Wal-Mart is a retailer that sells a wide range of goods, including food, and does so in many countries around the world. They are the biggest retailer in the world, and one of the biggest companies. I chose Wal-Mart because its supply chain management is famous. They are a good case study for inventory management. The basic business model
Inventory Policy Controlling inventory is a control of 45% to 90% of all expenses related to business is very important also to see that the business has the correct goods on hand so that it does not get into stock-outs, or shrinkage of inventory due to spoilage or theft, and helps in providing a correct accounting. When inventory is not maintained properly, then the major part of the assets of a