Snyder’s of Hanover had a large job of managing and analysing fiscal informations. Although Snyder’s sells more than 80 million bags of pretzels. french friess. and organic bite points each twelvemonth. its core systems of roll uping informations were entered manually and written down. Snyder’s fiscal section was roll uping spreadsheets from all sections to convey the fiscal analyst together.

Their fiscal analyst would pass the full concluding hebdomad of each month roll uping the spreadsheets from the caputs of more than 50 sections worldwide. Then the spreadsheets would be consolidated and reentered into another spreadsheet. This amalgamate sheet would be the company’s monthly P & A ; L or profit-and-loss statement. The fiscal informations were harvested and consolidated the same manner for old ages. If one section needed to update its informations with last-minute information after subjecting its spreadsheet to the fiscal section. the head analyst had to return the original spreadsheet. and so wait for the section to feed back its informations. After the resubmission. the head analyst would hold to come in the updated information into the amalgamate spreadsheet.

This manner of garnering the company’s fiscal statistics at the terminal of each month was irregular and sporadic. All of the financials were being collected but non on a regular footing. Financials should be collected every bit shortly as possible. This of import informations should be available to track daily. hebdomadal. monthly. quarterly and annual gross revenues. With the manner that Snyder’s had been roll uping this information. it meant that all of this of import information was non available every bit frequently as needed. Snyder’s wasn’t able to respond fast plenty to demand or popularity to a certain merchandise.

Due to the fact that they didn’t have a on a regular basis updated aggregation of hard currency flow. certain events would non be predicted. If there was a regular hard currency prediction system that was implemented. there would non be an issue of unannounced events. Having the necessary informations besides affected transportation agendas. pricing agendas. or bringing counts. They were merely able to account for the gross net incomes of concern but non the public presentation of each merchandise.

Snyder’s should implement a system in which electronic spreadsheets are used. with a portal system so everyone in the company is connected. The fiscal analyst should hold a hard currency prediction spreadsheet which predicts hard currency flow for the hereafter. The analyst should besides necessitate day-to-day hard currency from each section. If these basic maps were implemented into Snyder’s fiscal section. they would be up to day of the month and running smooth.

Question 2. Dollar General Corporation

Dollar General Corporation is a price reduction shop that offers necessary points for the populace. Merchandises such as houseware. cleansing supplies. vesture. wellness and beauty AIDSs. and nutrient all sold for around one dollar. With competition high due to company’s like Walmart or Target. Dollar General Corporation’s concern theoretical account is to maintain costs every bit low as possible. Because Dollar General Corp isn’t one of the top concerns in this industry. they lack the basic maps of an machine-controlled method for maintaining path of stock list. This is a major job when it comes to gross revenues or gross. and even larceny.

The manner that Dollar General Corporation keeps path of stock list at each shop. is by the usage of their directors. Directors know about how many instances of a certain point are being delivered to the shop. When the truck arrives with the bringing. the director should manually number each point to hold an exact figure of each point delivered. This is non an efficient manner to run a shop with large competition. Not holding exact Numberss could take to loss of stock list. points being stolen by employees or clients. and it could take to distorting Numberss. Because of ware being stolen. lost or from other unfortunate occurrences. 3 per centum of entire gross revenues are being lost. From an scrutinizing point of view. this is really hapless internal controls.

Many determinations should be made before implementing an information system solution. Employers need to discourse with their employees the importance behind moralss when it comes to concern. Stealing is non merely illegal. but it is really immoral and could damage a concern. Management needs a better appreciation on stock list. transportation day of the months. and databases. Investing in a security system to catch boosters or employees stealing wouldn’t be a bad thought either. An machine-controlled stock list scanner should besides come into drama. so all points are accounted for decently and direction has a better sense of merchandises in the shop. on its manner to be delivered. what is needed for the following bringing and can besides be used to track larceny and other bad lucks that happen along the manner.

If Dollar General Corporation implements moralss. security. an machine-controlled scanner. and a more effectual manner to roll up informations. they will decrease the 3 per centum net income loss. They will hold more gross to endeavor as a concern and go successful. They will non hold the trade name name like Walmart or Target has. they likely will non even come near to their net income border. nevertheless. they will come together as a concern and will be successful in the deep-discount retail industry.