Working in an organization either in the caliber of a CEO or the human resource manager requires highly intellectual persons. Organizations seek the most competent and sorted individuals for these highly demanding jobs to ensure a company’s growth. By curtailing malpractices such as theft of money and company assets, the scenario posed by the question at hand seeks to establish the root cause of a sum of $238,000 missing. The assumption is made on considering the high-end technology installed by the organization. Through the assumption, several possibilities are at hand that tends to affect the case. Therefore, this paper seeks to explore and conclude who and how the company’s money has disappeared.
A possible scenario explaining how money is missing is through the payroll department—my first argument seeks to prove the payroll department as the loophole of the company’s misfortunes. Despite handling the authorization of employee payment, the department also handles inventory. In this case, a good guess might be when a stock dispatched from the company to the expected destination goes missing. Furthermore, another likely scenario might be the department is having a problem with its inventory records leading to loss created by excess dispatch of inventory. According to Sainathan & Groenevelt (2019), the payroll department might have altered the terms in the vendor contract based on vendor contracts. The agreement establishes a business relationship, which leads to the assumption the payroll department might be dispatching excess inventory off-record to vendors while pocketing the company’s undocumented money for themselves. Based on all the possibilities stated in this paper, it is sound to conclude that persons working in the payroll department have the highest chance of siphoning the company’s missing money.
Reference
Sainathan, A., & Groenevelt, H. (2019). Vendor-managed inventory contracts – coordinating the supply chain while looking from the vendor’s perspective.European Journal of Operational Research, 272(1), 249–260. Web.