Agency method - , Other Management

Assignment Help:

Agency Method:

The jobs included in the case of the agency method can be listed as follows: Sending list of periodicals asking for pro-forma invoice from the agent Scrutinising the received invoice Seeking and obtaining clarifications, if needed Estimating the cost involved Obtaining sanction for advance payment Making payment to the agent Getting proof of remittances made by the agent Noting information regarding payments. The library must prepare a list of periodicals to be subscribed to. This could be in two parts - renewals to be made and new titles to be ordered. In both cases complete details of every item listed should be given like the full title, the name of the sponsor, name and address of the publisher, the periodicity, the subscription for the previous year and the volume and year, and the month and year for renewal, etc. This list is sent to the agent asking for a pro-forma  invoice. The agents sends the pro-forma invoice quoting the current subscription for each item in the list in the respective national currencies  and stating the total  amount involved in Indian rupees, the conversion rates  applicable, the handling  charges involved, and the discounts ad-missible, The net amount payable and the advance amount required will also be indicated by  the agent. On receipt of the invoice the library should check each item with the order list and satisfy itself about the correctness of the item invoiced and the total amount. Action must be initiated then for obtaining sanction for the advance payment to the agent and for the release of the required money. The advance is paid to the agent only after he has executed a bond on  stamped paper incorporating the terms and conditions of supply and the details of the advance  


Related Discussions:- Agency method -

Need for technical processing - library management, Need for Technical Proc...

Need for Technical Processing: The need for technical processing has been  brought about by a number of reasons/factors. They are:  1) Accelerated  growth of information  r

Definitions of classification terminology, DEFINITIONS OF CLASSIFICATION TE...

DEFINITIONS OF CLASSIFICATION TERMINOLOGY: Most of the terms with definitions were used for the first time in the first edition of Prolegomena to Library Classification (1937)

MANAGEMENT DECISION SCIENCE, INDIVIDUAL ASSIGNMENT BDS2874 – MANAGEMENT ...

INDIVIDUAL ASSIGNMENT BDS2874 – MANAGEMENT DECISION SCIENCE INSTRUCTIONS TO STUDENT 1. This Assignment is an Individual Assignment and consists of 7 pages including c

A structural model: domain, A Structural Model: domain, community and pract...

A Structural Model: domain, community and practice In spite of having a variety of forms which the communities of practice take a lot of basic structure is shared. A community

Provide a checklist for a sustainable reform programme, Question 1: You...

Question 1: You are employed as a consultant to undertake a reform programme in a particular public sector environment. Provide a detailed checklist for a sustainable reform p

What does the term organisational culture mean, Question 1: (a) Discuss...

Question 1: (a) Discuss, with the use of examples, the situations when, and the reasons why, people accept change. (b) How can employees' attitude toward change be classifie

Locus of control, Locus of Control Many people see themselves as very m...

Locus of Control Many people see themselves as very much in control of their lives. From them some see themselves as not being in control of the events which is happening aroun

Alphabetical index - Classified catalogue, Alphabetical index: The alp...

Alphabetical index: The alphabetical index to a classified catalogue; consisting of author, title (wherever necessary), subject entries and other entries for collaborators, se

Discuss the significance of world heritage sites, QUESTION World herita...

QUESTION World heritage sites are identified as sites of outstanding global values that should be preserved for all humanity. Sites will be preserved for future generations and

State and explain the capital asset pricing model, Question 1: (i) S...

Question 1: (i) State and explain the Capital Asset Pricing Model (CAPM). (ii) Discuss the resiliency of the model when the assumptions under which the CAPM is deri

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd