What are the Product Realisation processes that manage Finances?

Q

qmsboy

#1
Hi There,

Could you please clarify that Processes that manage finances and processes that manage continual improvement are part of product realisation process or not?I think it is a part of product realisation process.As per my understanding 'product realisation means the activities and processes necessary for the product in to existence'.Without finance how we can purchase raw material and hire workers?continual improvement will provide much better quality product than the customer expectations by reducing NCs and rework so that there will not be any back charging from clients due to delayed delivery of product.I don't know,my understanding is right or wrong.Experts please advise me.

Thanks
 
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Randy

Super Moderator
#3
Finance itself as a functional area is not in scope for ISO9001 world.
Cheers!
You are totally incorrect, I have clients that are financial institutions.

Finance is no different than any other support element within any organization and can be effected by numerous requirements of ISOm9001 such as competency, document control, records control, correct/preventive actions, internal audit, monitoring and measurement and so forth.

It's incumbent upon each organization itself to determine how and what is used to manage the finance process.
 

sagai

Quite Involved in Discussions
#4
You are totally incorrect, I have clients that are financial institutions.
Thank you very much for the kind words and the chance to elaborate my thoughts! :bigwave:

If you read the original post itself, it will be easy to recognize by yourself that the case you mention is not part of it.
It is not about ISO for a financial institution, but for the contribution of the Finance function in for example purchasing. :tg:
It is may be my ignorance, but financial institutions not really buying raw materials though.

So thank you again :bigwave:
Cheers
 
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