ITM 410 Chapter Notes - Chapter Group Project: Electronic Funds Transfer, Scotiabank, Accounts Payable
Document Summary
Part 1 documenting order to cash" process. Micromation inc. is a well established, small consulting company located in ontario, They are in a highly competitive industry, constantly competing against large consulting corporations for business. Their greatest competitive strengths are their flexibility and low cost business model. Through these advantages, they have managed to take on large contracts and remain in business for 18 years. Their competitors include independent consultants, offering the same flexibility and cost for their services. These competitors are often represented by large resource staffing companies such as modis, and procom. The continuing saturation of this market is a growing threat to micromation inc. David smith, and his wife and accountant kimberlye smith. It consultant for the business, and hires his team members on contract as needed, therefore eliminating any members on the bench by creating a virtual bench. This keeps his company very agile, flexible, and cost efficient.