A primary feature of automated control in the acquisition cycle includes which of the following?
A) That authorization is no longer required.
B) Limits as to the number of items that can be received by the warehouse.
C) Calculated order quantities based on set criteria.
D) Funds transfer at the request of the controller.

Question

Quizplus · Accepted Answer

Automated control in the acquisition cycle typically includes the use of algorithms or pre-set rules to calculate order quantities based on specific criteria such as inventory levels, lead times, and demand forecasts. This helps to optimize inventory management and ensure that the organization has the right amount of stock on hand to meet customer needs without overstocking or running out of critical items. Authorization is still required, limits may or may not be in place depending on the specific system, and funds transfer would typically be initiated by the authorized personnel rather than the controller.

A Primary Feature of Automated Control in the Acquisition Cycle