Overview of Management
Technology is a staple within society contributing to the effectiveness in which businesses operate. Email, the internet, computers, and IT all play an important role in profitability by improving productivity and competition. Kudler Fine Foods is a company with three stores and a central management group who utilizes technology to expand and improve their business.
Kudler Fine Foods was established by Kathy Kudler who wanted to provide a one-stop shopping experiencing providing fresh foods and supplies for gourmet cooking. The administration portion of management consists of Kathy Kudler as president, Harvey Stephens as the Director of Finance and Accounting, Yvonne Reynolds as Director of Store Operations, and Brenda Wagner as Director of Administration and Human Resources (HR). In addition to the administration sector, there are three store managers for each of the stores.
Each of the three major departments has specific duties. The Finance and Accounting department manages the balance sheet, profit and loss statement, budget, accounts receivable aging reports, and inventory. Additionally, the daily and monthly duties of the Finance department are to perform daily bank reconciliations by viewing online statements and resolving discrepancies within 24 hours. The Finance director is charged with developing and implementing goals, policies, and procedures relating to financial management and accounting. Moreover, the director maintains the relationship between Kudler’s and lending institutions, coordinates external audits, and develops accounting procedures to ensure the accuracy of financial reports. O ...