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Importance of supply chain management Essay
Explain the importance of supply chain management
Importance of supply chain management Essay
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Business Process Management (BPM) is a systematic approach of attaining organization’s goals through improving its management and controlling essential business processes (Jeston and Nelis, 2008). A business process is a set of activities that help in accomplishing specific organizational goals. One of the aims of BPM is to trim down human fault and miscommunication as it can be seen in Mike’s Dynatrix Pty Ltd business. It is a detachment of infrastructure management, which is concerned with maintaining and optimizing an organization’s equipment and core operations. It is important to note that business process management entails analysis, modeling, design and measurement of an organization’s workflow and is technology enabled. This implies …show more content…
Hill et al (2007) defines business strategy as an action a firm takes to achieve its objectives. With regard to manufacturing structure view, a strategy is an outward looking scrutiny from a firm to the environment. An inwardly directed focus on an organization’s resources and capabilities to prompt scarcity, non substitutability and value regarding to those resources facilitates competitive advantage. According to Spanyi (2005), business process management is one of the core tools for cost reduction and improvement of the quality of products and services offered to clients. It is important to consider the types of products and services a firm provides and the value they give consumers when determining …show more content…
In the business perspective, a problem is defined as the difference between what exists now (As Is) and what is desired (To Be). Some of the symptoms that show that there is a big problem in Mike’s Dynatrix Pty Ltd include; the customers are unhappy with late delivery of dynatrix, the directors are unhappy, anxious and pointing figures amongst themselves, the mode of documentation and filing of records is manual and very poor, nobody manages the whole process and the company’s production has deviated negatively. The major problem in this company is poor management and coordination which calls for urgent attention. Other problems include poor decision making, producing poorly designed products and performing unnecessary
Workflow is a series of sequencial steps that take place, creating a process to complete a task. The process, generally speaking, involves two or more individuals and creates or adds value to an organization. Workflows are a standardization of work that takes into account quality, productivity, cost, safety and moral depending on the type of process flow (Liker & Meier, 2006). Workflow analysis includes observation and documentation of the process to better understand the current state. Viewing the current state, one can then begin to analyse the process, looking for opportunites of redesign, waste, and value added activities (McGonigle & Mastrian, 2012). “The focus in any process is always on creating
... process essentially entails functions such as planning, organising, leading or directing and controlling the resources of an organisation. Strategic management is the application of this management process at the top level of the organisation. At this level the focus is on the resources, capabilities and core competencies or the company as a whole and on the ways to achieve success over the long term within the context of changing and ever-competitive environments. According to Johnson et al, strategies do no happen by themselves. Strategies involve people, especially the managers who decide and implement. Strategic management consists of 3 elements, understanding the strategic position of an organisation, making strategic choices for the future and managing strategy in action. Strategic management thus entails two tasks, strategy making and making strategy work.
In support of their main thesis, the authors draw the attention of the readers to several issues that the company may face that may derail
Bjerke, Juel M. "Week 2 Lecture Notes - Achieving Business Process Excellence and Process Re-engineering." MFGO 601 - The Globally Integrated Manufacturing Company. 2 Nov. 2011.
Business strategy is the means by which firm’s plans to achieve its goals and objectives. It can also be termed as organization long-term planning. The strategy covers periods between 3-5 years and sometimes longer. Businesses use two major types of strategy, general or generic and competitive strategies. The overall strategy involves strategies of growth, globalization and retrenchment. The competitive advantage includes low pricing, product and customer differentiation. We will look at the business strategy used by Marks and Spenser (Cole, 1997). The company is a British multinational located at Westminster London and specializes in clothes and luxurious food products.
KEY PROBLEMS: After analyzing the organization the following issues which need to be addressed have been identified:
Arthur, A., Thompson, Margaret, A., Peteraf, John, E. Gamble, A., J., Strickland III. (2014). Crafting & Executing Strategy: The Quest for Competitive Advantage 19e: Concepts & Cases. C6-C25.
According to Yost (2009), improvement of business process leads to innovation and transformation. Besides, a company’s capability directly reflects by how well it run leading to the levels of productivity of each organization. Therefore, as mentioned in Beer & Shelton (2012), in order to accomplish the improvement, Boldflash should emphasize on three artifacts including Boldflash Internal Business Process, Boldflash Product documentation and Boldflash technical Service
The main problems that are affecting the company were the high level of labour turnover, below target production rates, high levels of scrap, the employees had little input in the decision making, therefore resulting in low motivation and job satisfaction, and didn't have enough feedback on there performance. Added to this was the conflict between the supervisors and employees in the production and packing areas, and the grading and payment levels wasn't satisfactory to the employees.
Business strategies and activities play a very crucial role in the future development of the organization. These strategies become more important, in case of e-business organization such as Amazon.
The major issues facing the company comprises of there being multiple businesses with different demands. There are separate levels of performance and success as well as growth chances for each of the sector and the firm needs to tackle with issues in each of these divisions (Dube, J.P., 2004).
In the case, Marks & Spencer and Zara, it discusses two business process designs that each company took. You first had Marks & Spencer, who had a more traditional approach. Their chain started of with the buying team, design, developers, merchandisers, technologist, suppliers, logistics, and lastly the store. Zara, however, comes up with a new innovative design. With this new design in effect the delivery of new collections only has a lead-time of 5 days. They were able to cut down this time due to the fact that products where mainly produced on Galicia.
It is very clear that the problems experienced in the companies are not lone standing but in most of the cases they are dependent on each other and there are strong bonds or relationships with regards to the cause and effects between them. It is therefore important to form or establish a strong cause and affect between them.
A successful business strategy will identify changes in the external trends in the market place. Plan out what the company’s future direction is. Set out the goals for the management team. It will identify a vision of where the company wants to be in the future. Keep all employees informed of the direction of the company.