Business processes of organizations
In organizations, it is important to have an assortment plan which will enable an organization to achieve its goals. Therefore, it is important for organizations to have a strategy that shows how the diversity plan should be implemented. It is therefore important for different organizations to have diversity policy and training together with proper implementation of the scheme. It is also important for an organization to ensure that there is rationalization, endowment and successful proposal and administration of erudition (Veach, 2008, p. 1). In the present epoch, there are different changes which take place especially in the business world.
Therefore, there is of great importance to establish business innovations of different business models for a successful productivity of organizations. Due to the importance of the dimensions, there are different models which are crucial in the reviving of an organization for improvement. The representations which include endeavor, commerce and manufacturing put emphasize on different sections of the implementation of a planning policy (Giesen et al, 2007, p. 1). Part A- Diversity Plan Many organizations are in need of policies for financial management for a successful integration of the organizational departments.
This process of the integration of the organizational departments helps an organization in its business operations. This is done by providing a business guide for the business operations of the organization. Organizations should have a proper Customer Relationship Management and Financial Management for efficient business functionality. Organizations should also have a proper functionality of Supply Chain Management. Organizations are faced with the challenges of managing their finances since the process of financial management has become complex as time progresses.
There is need of diverse solutions for financial management in order for organizations to survive the pressures of economic conditions and situations (Microsoft Dynamics, 2008, p. 3). Diverse financial management policies of organizations should be easily usable and robust. The solutions used should also be flexible to meet future needs for business and growth. The solutions should also be able to accommodate customization. The solutions should help organizations in guiding them on the strategic plans and forecast to use in the organizations (Microsoft Dynamics, 2008, p. 3).
The diverse integration should help organizations to connect customers with the suppliers and partners through portals that are collaborated using the internet. A diverse financial management should be from a central database in which the users’ productivity is boosted (Microsoft Dynamics, 2008, p. 4). Another diverse initiative includes strategic sourcing in which the organization has been able to solve the problem of lack of flexibility. This solution ensures that an organization manages and reduces the work material cost. A strategic approach is used in the improving the cost of budgeting in any organization.
In this way, the organization will be able to save the costs of the company. This approach ensures that the companies do not misuse the company resources. Organizations should need to optimize the budget of the company by the use of IT initiatives approaches (Patrick, 2007, p. 1). Organizations should ensure that the strategic approaches that they use can be tested and other services such as training, configuration and implementation are offered. Like in the case of the Martin-Baker company which uses the Epicor Sourcing, the company was given trial days and other services such as training of how to use the product and configuration.
The companies that source the strategic approaches ensures that they implement the services to the organization where the sourcing company installs and configures the software for trial and then after testing the functionality of the software, the software are implemented and configured for use. The sourcing approach has benefits that include rapid deployment and alternative information from the supplier that fulfill the need of the customers (Patrick, 2007, p. 2). Organizations should also have diverse integrated strategies for sales, training and consultancy of an organization.
The organizations should incorporate software that is incorporated with tools that are web-based to be used for the processes that are back and front office. This software as benefits that include reporting that are real-time, accurate accounting, efficiency that is improved since processes that are paper-based are removed. The other benefits include improved transparency due to new workflow processes. Business processes of organizations should be visible and reporting and accountability of the processes should be easy (Buckley, 2007, p. 2).