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Unformatted text preview: Average process cost per payment = = c. Activity Cost Activity Cost Prior to After Activity Improvement Improvement Preparing materials request Requesting, receiving, and selecting vendor bids Preparing purchase order Preparing receiving ticket Matching M/R, R/T, and invoice Correcting reconciliation differences Preparing and delivering vendor payment Total process activity cost d. Average process cost per issued check = = Percent of Total Process per payment Activity Cost Savings per payment...
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- Spring '10
- Supply chain management terms, Accounting source documents, Request, Activity Preparing materials, invoice Correcting reconciliation, ticket Matching M/R