For part 1 I selected marketing in the strategic manag 4:06The MGMT Insurance Ltd. accepts payments on various insurance policies fromemployees of businesses across the island. These businesses deduct payments fromemployees' salaries and pay the insurance company a lump sum each month. This totalamount deducted is shown on each employee's payslip.Deductions are due at the end of each month and each participating business submits onepayment for its employees to the insurance company via online payments through thebank. However, if payments were received after 11:00 a.m., the bank does not processthem until the next business day. At the beginning of each month an administrativeassistant at MGMT Insurance Ltd. downloads the deductions for each company andallocates payments to the various policies. These payments include the client's uniquenumber along with his/her relevant policy numbers and amounts due.However, recently there has been some complaints that payments for some policies werenot being allocated correctly. Additionally, assume that one client experienced a problemwith insufficient deductions to cover his/her monthly premiums.As a new manager with the company, you wish to check the systems and processes toensure that they are up-to-date and report your findings and possible recommendations atthe upcoming meeting.NOTES1. You have been placed in a group of 5 or 6 group-mates. You are required to sharewith and critique information in the group.2. This is an exercise where you get to experience and demonstrate several concepts ingathering, analyzing and using information for management reporting.13. You are now a manager in one of the departments of the company. Each of you willselect:ONE Management Level that you willrepresent (operational,management/tactical or strategic). More than one person will have the samelevel.ONE department from the following list (Claims, Accounting, HumanResources, Information Technology, Customer Service, Underwriting,Marketing). A department can only be represented ONCE in the group.Once you have chosen a persona, all contributions MUST be delivered from theperspective of that persona.REQUIREDManagement ReportingYou need to analyse the above business processes and discuss what could possibly causethe troubles that the company is currently experiencing.You are attending a number of routine meetings that are conducted online. Themeetings are organised in five partss to discuss a different part of the requirements.Part 1 to Part 4 (a) are to be addressed by each manager, while Part 4(b) and Part 5,must be submitted as a group.Part 1: Introduce yourself by identifying your Management level and yourfunctional area.For your first discussion post, state your management level and department you willrepresent. Also explain TWO functions of your job as thev relate to the business. No two2022.tle.courses.open.uwi.edu

Introduction: As the newly appointed manager of MGMT Insurance Ltd., it has come to your attention…

Answered: For part 1 I selected marketing in the…

Business

Management

For part 1 I selected marketing in the strategic manag

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 3.8A

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