OPIM 902 – Fall 2020 Homework AssignmentQuestions: 1. (20 Points) Briefly introduce your company and define your jobfunction within the company. Draw the process flow and SIPOC diagrams ofyour job function.Turkish Airlines is the national flag carrier airline of Turkey with a hub based inIstanbul that has a huge geographic advantage over its competitors. Turkish Airlinesexploits this advantages by focusing on transfers to connect global air traffic. Localoperations are supported by a home market that has one of Europe’s highestpopulations but largely underpenetrated air travel market when compared with thelarger countries in Europe.I lead a team of 8 people that is responsible for management and coordination offinancial affairs and corporate performance of subsidiaries, associates and JV’s ofTurkish Airlines. I partner with a variety of financial affairs teams to coordinatefinancial activities of subsidiaries, associates and JV’s of Turkish Airlines includingforecasting, planning and reporting across the globe. In my job function, my team isalso responsible for month-end closing process of wholly-owned subsidiaries. Pleasesee flowchart diagram (Figure 1) for details.As a finance professional, I don’t deal with suppliers and customers and there are notangible inputs and outputs as there is no production. However, there are inputs thatare received from different units that are processed by my team to produce an outputwhich is then reported to related parties. Please see below SIPOC diagram andprocess flow (Figure 2) for details.Although my team is not involved in production, operations or service to customers,SIPOC diagram is still a useful method to illustrate our step-by-step process. In myjob function, our “Suppliers” are finance and accounting units of Turkish Airlines andits subsidiaries and JVs. We receive intangible inputs from these units and we processthese inputs based on certain set of rules and codes. As detailed in Figure 2 below, thisprocess involves reviewing and controlling the data, performing analysis on the dataand reporting results to executives and other relevant parties which are our“Customers”. Our reporting is based on the output we create as result of processinginputs received from finance units. These outputs are in the form of PowerPointpresentation, excel worksheets and executive summaries. We also perform systemreview and implementation on an ad hoc basis.
Figure 1 - Flowchart Diagram
Whosuppliestheprocess inputs?Whatinputsarerequired?What are the majorsteps in the process?What are the processoutputs? Whoreceivestheoutputs?Corporatefinancefunction of subsidiariesand JVsFinancialreportingpackagesPlease see process flowbelow for details (Figure2).