Major Information Flows in the Production CyclePurchasing CycleRevenue CycleSheila WhittemoreMelody Anderson VeronicaPatriciaMajor Information Flows in the Production CyclePurchasing CycleStep 1:- Receiving document along with the Vendor invoice is sent to the Raw materials inventory master file where it is determined whether or not additional raw materials are needed.Step 2:- From the raw materials inventory master file it is determined whether or not additional materials are needed.Step 3:- The order is processed through raw materials inventory management. A raw materials inventory status report is produced.Step 4:- The order is processed through cost accounting.Step 5:- The work in process inventory master file keeps track of all work in process inventory. A work in process inventory status report is produced.Step 6:- The order is processed through the completion of production.Step 7:- The order is recorded into the finished goods inventory master file.Step 8:- The goods are sent to finished goods inventory management where it is determined whether or not the goods are up to par. A finished goods inventory status report is produced.- Revenue Cycle: saved into the cost of goods sold master file.Step 9:- A production order is created.Revenue CycleStep 1:- A sales order is created.Step 2:- Production Cycle: a production order is created.Step 3:- Production Cycle: the order is processed through production management.Step 4:- Proceed to step 5 of the Production Cycle.Planning Control CycleStep 1:- A cost standards document is created.Step 2:- Production Cycle: processed through the standard costs master file to verify costs.Step 3:- Proceed to step 4 of the Production
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