Alpha Manufacturing Inc. is an organisation of moderate B2B business level, and it was required by the business to go for Business applications and financial systems changes.
They intended to update the managerial operations to make them more modern, to provide efficiency to business and to refine the tools of financial reportage along with the control over production distribution.
However, the choice of the right external partners with their subsequent incorporation into the value chain appeared to be one of the most critical and rather ambiguous tasks.
Challenges
1. Choosing the Right Partners
Some of the activities that Industry Sourcing Strategy faced included; Alpha Manufacturing Inc struggled to secure partner firms capable of satisfying their needs and collaborate with Alpha Manufacturing Inc.’s systems.
2. Project Management
The specific management problem that Steve understood at this tier is that it becomes challenging to deal with numerous vendor entities and ensure that they work in accordance with the ambition of the organisation and its timeframe.
3. Technical Integration
New applications had to be plugged into an existing set of flow, and the guarantee that this was done right was filed under specialism.
4. Cost Control
One of the elements that was considered was how this project was going to be managed in the way that the costs formulated for its implementation are not exceeded while at the same time having positive results implemented in the project.
Solution Provided by Walter & Associates
Walter & Associates offered comprehensive support throughout the process: To a great extent they were right; however, Walter & Associates provided full-ranging assistance all the time.
1. Assessment and Planning
Evaluated the plans and the current operation of the alpha manufacturing company when it was being analysed.
It helped in developing a detailed strategic plan of modifying business applications as well as the financial systems that are used in any organisation.
2. Partner Selection and Management
In the process of cooperating while choosing the tender for preparing the proposal; evaluated the offers on price, performance, and reputation.
Coordinated on information searches and finalised contracts to guarantee the availability of the best terms to the company which is Alpha Manufacturing.
3. Project Management and Coordination
It included providing complete project’s management that involved time schedule coordination and organisation of the production targets of all the parties that were involved in the project.
Performed the creation of a project governance structure with scanned updates and threats.
The coordination and increase in collaboration of the internal departments of the company and with various other members.
4. Technical Support
Provided valuable information for the process to be compliant with the other organisation’s IT system.
Might have offered technical and/or organisational support in the course of the implementation phase if necessary.
5. Cost and Quality Control
Kept the expenses of the project under control and looked at the areas that are likely to cause over expenditures and ensured adherence to it.
The level of quality maintained in the implementation of the care plan was checked or evaluated in regard to performance benchmarks.
Challenges
1. Choosing the Right Partners
Alpha Manufacturing Inc. was also in a challenge of looking for partners who can meet what they require and integrate with what they already have in place.
2. Project Management
It was difficult to manage many vendors and to ensure that all of them fulfilled the stipulated objectives of the company and the agreed timeframes.
3. Technical Integration
Substituting or integrating new applications with the already installed ones needed specific skills and expertise.
4. Cost Control
There were issues of time constraints, and especially the attempts to keep the project within the budget without compromising the quality of implementation of the same.
Results
The new business applications and financial systems that Alpha Manufacturing Inc. intended to adopt were implemented with assistance from Walter & Associates with favourable results mainly entailing early implementation as well as efficiency not exceeding the allocated budget for the process. The benefits included:
1. Improved Efficiency
Improved workflow and better data control reduced time as well as cuts down on mistakes.
2. Better Financial Management
With the help of the new system, the financial operations were more open and controlled which contributed to the increase in decision making quality.
3. Case Study
Counselling Alpha Manufacturing on Partner Selection with Walter & Associates
4. Seamless Integration
New applications integrated with the previous systems hence leading to negligible interferences.
5. Cost Savings
The applicants’ management was efficient and it allowed crystallising important cost savings in comparison to the forecasts made at the beginning of the project.
Conclusion
Through the website of Walter & Associates, the consultancy firm was able to establish that it offers professional services for medium and large business to business companies in the processes of choosing and dealing with third party vendors regarding the business applications and financial systems that are to be implemented.
A study of the scenario of Alpha Manufacturing Inc., we offer overviews and recommendations on the strategic direction, project management, and technical development that were able to help the company fasten its objective in achieving what it intended to do properly.
