Sandeep Mall Profile picture
Sep 19, 2020 7 tweets 2 min read Read on X
Let me share an incidence when technology takes over common sense this is what happens. Tell me what precautions will you take to prevent such type of errors and losses.
So a washer was needed for an assembly.The cost of the washer is Rs.3. The buyer by error made the PO in SAP for 300 Rs which he later blames on keyboard malfunctioning. The PO goes for approval to Sr Manager and in their busy schedule they never bother to check them and approve.
The PO then automatically is mailed to vendor. Understand this assembly is worth over 20L and the washer is not even there in audit list as it’s a cheap commodity. The vendor is over smart and he starts sending his supplies at 300 Rs.
The incoming to payment is all auto approval based on PO pricing. He keeps supplying these washers for 7 years. One fine day the company makes a policy to have a second vendor for all purchases. The purchaser instead of asking for quote from second vendor informs the...
..second source procurement price of the existing vendor. Second vendor though shocked laps up the offer and also starts to supply at 300 Rs. So both of them are now minting money. Unfortunately for them one day the assembly stops because of shortage of their washers
And if u understand assembly line this is most criminal and every senior management gets involved to sort the issue out. Someone then noticed that why 300 Rs is being paid for a cheap washer. The whole picture becomes clear and they call both vendors.
The second vendor says he was offered 300 Rs and he accepted. The first had official PO and he had fulfilled all criteria’s of the agreement. The company could do nothing and lost 7 Cr in the process. What changes will u do in the system to make it full proof.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Sandeep Mall

Sandeep Mall Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @SandeepMall

Dec 10
How to take care of your feet.
Feet are easy to neglect. But taking a few simple steps to care for your feet should be part of your overall strategy for maintaining mobility.
Maintain a healthy weight. Being overweight affects your feet by putting greater force on them with each step. It can increase your risk of having a condition like arthritis in the feet, and it can worsen pain from other foot problems. Being overweight can also harm foot health by putting you at higher risk of diabetes or poor blood circulation, which can lead to foot pain and loss of sensation in the feet.
Wear good shoes. Numerous common foot issues stem from wearing tight, ill-fitting shoes, particularly high heels. According to a survey conducted by the American Podiatric Medical Association, 49% of women wear high heels, and three-quarters of them experience pain as a result. Opting for comfortable shoes throughout your lifetime is one of the most effective preventive measures you can take to safeguard your mobility.
Read 7 tweets
Nov 1
At some point, after rushing through school, rushing to get a job, rushing the kids around, and rushing to meet deadlines, life yanks our leash. Hard. And we – jarred and confused, or simply cut short in our overweening exuberance and busyness – are forced to notice that we ain't so young any more. Things change. Stuff happens.
One fine morning when you wake up and think: How the heck did this all happen? Somehow, you're different. You can't say why, or how, or when it happened. You're just… different.
Both men and women go through a “pause” in their lives – a transition between youth and older age when there are important physiological and psychological changes. You may find it harder to lose fat, and maybe even that fat distributes differently – around the midsection and deeper in the visceral cavity.
Read 7 tweets
Oct 13
Planning your retirement. here's what you can do at the right age.
In Your 20s - As young adults, we're often told to start saving for retirement. But with the pressure of making ends meet and the allure of instant gratification, many of us find it difficult to think about our future selves. Although it may be difficult to understand at the time, there are many benefits of early retirement planning that can positively impact the employment and retirement choices you have later in life.
Work over time. You have health and time available. Target to pay any education loan you have taken. Start your EPF account. Aim should be to save minimum 15% post tax money for your retirement including going in EPF.
Read 9 tweets
Sep 19
Sharing pointers from 6 decades of experience.
1) Life is a mix of good and bad. You can't avoid either. Expect both to happen. Don't complain when they do. Be open to all experiences and learn from them.
2) Prepare for setbacks, even in areas where you've done well before.
3) Not everyone will like you. Your kindness won't change that. Be fair to all, but don't try too hard to please others. Accept that some people won't like you.
4)Be careful who you trust. A nice smile doesn't mean a kind heart. People have roles in your life. When their part ends, they leave. Stay strong. Care for those around you.
Read 6 tweets
Jul 13
Blood Pressure is a silent killer. 30% of Indians between 18-54 have never got BP measured. Some important information for you about Blood pressure.
Blood pressure is the amount of force your blood uses to get through your arteries. When your heart pumps, it uses force to push oxygen-rich blood out to your arteries. They bring it to your body’s cells and tissues. If your blood pressure is too high, it can cause health issues. The only way to know your blood pressure is to measure it.
It is measured in millimeters of mercury (mmHg) and is expressed as two numbers, systolic pressure and diastolic pressure. The systolic pressure is the higher number, and it represents the pressure in the arteries when the heart beats. The diastolic pressure is the lower number, and it represents the pressure in the arteries when the heart is at rest between beats. A normal blood pressure reading is around 120/80 mmHg.
Read 7 tweets
Jul 2
Do you breathe through your mouth sometimes while going through your daily routine?
Do you breathe through your mouth while sleeping? Waking up with a dry mouth is a sign.
Do you snore?
Observe your breathing right now – are you breathing from the chest or abdomen?
Do you sigh regularly?
Do you hear yourself breathing during rest?
Answering yes to even one of these questions means that you are over-breathing. These are typical symptoms of what happens when the amount of air we breathe is more than we need. Just as over-eating is bad for the body, so is over-breathing.
How fit are you? Take the BOLT Test.
Take a small gentle breath through your nose and release a silent breath through your nose.
Hold your nose after you breathe out with your fingers to prevent air from entering your lungs.
Count the number of seconds until you feel the first definite need to breathe.
You may feel a jerk in your abdomen or around your neck. Release your nose and breathe through it.
Your inhalation should be calm at the end of breath. If you are breathing heavier than normal means you have over-held your breath.
Note your time. The ideal BOLT score for a healthy individual should be 40 seconds.
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(