PROCEDURE OF PAPER ATTEMPT OF ICAP PAPERS

PROCEDURE OF PAPER ATTEMPT OF ICAP PAPERS

THE PASSING MARKS ARE 50 OUT OF 100.

AND THERE IS NO NEGATIVE MARKING.

SO YOU CAN ONLY MANAGE TO PASS BY COVERING ALL SYLLABUS AND ATTEMPT ALL PAPER AS SHOWN BELOW.

J O I N T H E D I S C O U R S E PUBLISHED IN PAKISTAN ACCOUNTANT

J O I N T H E D I S C O U R S E PUBLISHED IN PAKISTAN ACCOUNTANT at

http://www.icap.org.pk/userfiles/file/Publication/Pak_apr_jun_2010.pdf

In my opinion the greatest risks to global business will be:


Energy crisis

Law and order, terrorism, and political strikes

Cost inflation with stiff competition

New technologies accompanied by day to day swift changes

Financial volatility

Organizations are realizing that risk is no longer a liability and if

managed adequately becomes a powerful asset that may offer a

competitive advantage.

Haroon Sulaman

Faisalabad

SUPPLY CHAIN MANAGEMENT

Supply Chain Management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption (supply chain).
A simple supply chain model consists of four components:




• Supplier: supplies the raw materials



• Manufacturer: produces the product



• Warehouse or Distribution Center: stores and ships the product



• End User: receives the product



Supply chain management software




Supply chain management software (SCMS) is a business term which refers to a range of software tools or modules used in executing supply chain transactions, managing supplier relationships and controlling associated business processes.

While functionality in such systems can often be broad – it commonly includes:

1. Customer requirement processing

2. Purchase order processing

3. Inventory management

4. Goods receipt and Warehouse management

5. Supplier Management/Sourcing

BENEFITS OF SCM APPLICATIONS:



Improving relationship with customers and buyers:

1) Quick order processing and delivery of goods.




2) Ensuring availability of goods.



3) Correct product and price information.



4) Timely payments.



Reduction in production cost by;



1) Reducing manpower requirements through greater automation.



2) Lowering the levels of inventory.



Co-ordination within the departments by providing single source of information which results in;



1) timely response among departments; and



2) Lesser conflicts in views.