1-7 Warbenton Snack Foods is a manufacturer of potato crisps and savoury snacks in the U.K. Warbenton’s financial department uses spreadsheets and manual processes for much of its data gathering and reporting.

Warbenton’s financial analyst would spend the entire final week of every month collecting spreadsheets from the heads of various departments. She would then consolidate and re-enter all the data into another spreadsheet, which would serve as the company’s monthly profit and-loss statement. If a department needed to update its data after submitting the spreadsheet to the main office, the analyst had to return the original spreadsheet and then wait for the department to resubmit its data before finally submitting the updated data in the consolidated document. Assess the impact of this situation on business performance and management decision making.