Kudler Fine Foods Brief

ColleenWinegarden, Steven Jordan, Jessie Cruz-Valentin, Sharon Ward

ACC/542

April 28, 2014

Yasin Dadabhoy

Internal Control and Risk Evaluation

Kudler is in an industry with traditionally high inventory turnover. Kudler specializes in preservative free higher-end foods with the risk of perish ability resulting in a possibility of a higher inventory turnover. A major concern for purchasing is the current system where one person (ownership) is overseeing and making all purchasing decisions. Previous recommendation was hiring a purchasing manager to facilitate the tracking of purchases, inventory flow, turnover and waste ratios. However, in addition to purchasing manager a second and even third set of eyes are needed. The Purchasing Manager will need to...