Wider Roles of Auditing for Transparency in Development for Sustainable Consumption and Production - Management Assignment Help

Assignment Task:

Task:

Wider roles of auditing for transparency in development for sustainable consumption and production.

Every business’s objective is to plan and drive towards growth. In this digital age, the most prudent challenge for the business is to sustain that growth due to the ever changing landscape of operations in businesses. To overcome the challenges, the companies are consuming the data ever more quickly as IT Industry has become the brainchild to business to plan, plot and drive to make their businesses sustainable.
This thesis will analyse and map out a process driven approach to make businesses sustainable. Further more delving into the processes of the business and request change where needed to make the process sustainable and profitable. Capturing data points across each process starting from the sale order to invoice trying to understand the KPIs driving the business. Create a process flow and establish supply chain systems to consume actionable insights from the data. This will help the business take quicker and informed decisions which can be repeated over and over again reducing dependencies.
In this process driven approach, first establish the key departments of the business which contributes to the supply chain. In a product based company some of the common departments which contribute to the supply chain are Sales, Finance, Vendor Management, Product Management, Marketing and IT. As we establish the processes and develop IT systems to repeat those process for an transparent way of business where information is readily available to key decision makers to help them make informed decisions which will help the business grow. Exploring the different methods to establish and effect positive change to the business processes as no two businesses are same.
Ownership of process is required in todays world where individuals are able to understand clearly how the current process is working. Analyse and establish any shortcomings in the current process, plot the forecast based on the current process and performance. Finally device a plan to affect a positive change to the process to introduce transparency in the business for people to understand and report any blockers as they arise. Understanding the processes is one part and capturing them in a structured or unstructured way to suit to the business needs.
The second part will be explore the technology needs to identify, process ,and consume information about the business. On average, business tend to generate 10-100GB of information per day. This has directly influenced how IT infrastructures have evolved to this need by achieving elasticity to scale up and out allowing businesses to be more expansive in their thinking and approach.
Consistent audit of the supply chain process and systems which support those processes will help the business to plan for the growth and also be aware and ready to face the forthcoming challenges. We are heading towards a future where decision will be required to be made on a daily if not hourly basis, considering the IT systems available to sustain and process the information to provide actionable insights which will drive the business to make informed decisions.

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