Amazon’s uncontested place among the markets allows it to take the lead in roadshows to the extent of logistics and operations management (Warrier, Guiying, et al., 2021). The ability of the company to make diverse investments along with its triumphs gives staff a chance to learn much more than an ordinary working environment would give them. Listed opportunities for professional growth are internships in the office of the accounting and finance department AND operations management that do not only enrich but also, further enhance knowledge and professional skills.
Accounting and Finance
Operations Management BUS FPX 3007 Assessment 1 Developing a Business
Operations Management encompasses a broad range of business activities including supply chain management, logistics, and either manufacturing or providing services. It stands as the backbone of a business, integrating all essential operational elements (Busellato et al., 2021). This area is crucial for an organization’s ability to adapt to global market trends and manage disruptions caused by unforeseen circumstances. At Amazon.com, operations management enhances the company’s eCommerce operations by effectively connecting retailers to consumers, central to its retail activities through strategic implementation to achieve corporate objectives.
Amazon’s strategic approach to operations management adds long-term value and strengthens relationships with upstream supply chain partners and downstream clients (Prilepok et al., 2022).
Internship in Billing and Collection
The billing and collection functions, nestled within the accounting and finance departments, manage financial transactions and are fundamental to precise financial reporting as per accounting standards (Hermanson et al., 2011). My understanding of basic accounting practices, including invoicing, client management, and ledger maintenance, aligns with the demands of these roles. Efficient payment collections from customers are crucial for accurate financial reporting, impacting the organization’s profitability within a reporting period. Inefficiencies in this area can lead to significant discrepancies in reported revenue and income, skewing the financial performance outlook.
Internship in Operations Management
At Amazon, supply chain initiatives are integral to the goals of operations management, significantly influenced by modern technologies (Gu et al., 2021). An internship in this domain offers a chance to gain insight into the company’s innovative strategies, particularly in integrating supply chain activities with logistics (Bag et al., 2020). While my basic understanding of inventory management aligns with the accounting and finance functions, further knowledge in procurement, warehouse and logistics management, and vendor coordination is necessary for a comprehensive skill set in operations management.
Conclusion BUS FPX 3007 Assessment 1 Developing a Business
The symbiotic relationship among different functional areas within a business, such as accounting and finance and operations management, underpins the organization’s financial and operational objectives. Through effective billing and collection activities, Amazon.com can monitor and assess its financial health, guiding its continued growth. Operations management supports the company’s strategic planning and execution, laying the groundwork for achieving business goals. Among the opportunities presented, an internship in the accounting and finance department resonates most with my skills, particularly in billing and collections, playing a vital role in Amazon’s financial management and overall retail success.