Management of Business System - Research Paper Example

Add to wishlist

Summary

The sale data of Chelwood Country Products related to 20 items on price, volume, income and cost were examined to identify any problem in respect of their product to improve performance. On analysis only four items, E, F, J and O contributed 80% of the total sale income…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER93.4% of users find it useful

Read Text Preview

Subject: Miscellaneous
Type: Research Paper
Level: Masters
Pages: 7 (1750 words)
Downloads: 2
Author: darian89

Extract of sample "Management of Business System"

Download file to see previous pages

Thus an optimal product mix consisting of only D, E, F, H, I, J, K, O, P, R has been proposed. Other products can be discontinued. Modular process design and business process management system are recommended to implement along with this revised optimal product mix. This affords flexibility and enhances the capability to handle competition. Grouping of similar products and their standardised production, while maintaining separate production lines for specialised products, is advised as specific standardisation steps.

First the proposed product mix of ten items may be tested for a reasonable period, evaluated including demand fluctuations, competition and market share information. Thus a more detailed Pareto analysis can be done. The limitation of the present study is due to the available data lacking in these respects. When a company produces and sells many items, some items may fetch large incomes and some others small incomes. These incomes are related to sale price and sale volume of each product. The company is interested in maximising its total sale income with least cost, so that profit can be maximised.

Reducing product mix is one way. In this paper, a situation pertaining to Chelwood Country Products is evaluated for these possibilities. Green & Krieger (1992) used Pareto analysis, sensitivity analysis, optimal product positioning, line extension, segment-based addition and response of competitors. The data provided in the case of Chelwood are not enough for such detailed study.Ordover & Panzar (1980) showed that when user demands are independent, a uniform price higher than marginal cost can be Pareto non-linear outlay schedule.

When users compete for products, their demands are inter-related. Then Pareto improvement is not possible. This aspect is not known in the case of Chelwood. We may assume independent user demands. Dudek-Burlikowska & Szewieczek (2007) proposed quality research methods for estimation of sales process with Pareto analysis, Ishikawa diagram and process analysis. Process management approach is to be used in our study when better options are

...Download file to see next pages Read More

Cite this document

APA
MLA
CHICAGO

(“Management of Business System Research Paper Example | Topics and Well Written Essays - 1750 words”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1526764-management-of-business-system

(Management of Business System Research Paper Example | Topics and Well Written Essays - 1750 Words)
https://studentshare.org/miscellaneous/1526764-management-of-business-system.

“Management of Business System Research Paper Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/miscellaneous/1526764-management-of-business-system.

Cited: 0 times

CHECK THESE SAMPLES OF Management of Business System

Management Information System for Small Business

This study "Management Information system for Small Business" will provide a better solution to the problem of the concerned company within the cost constraint yet trying to help the company to effectively keep and manage its important records by making a small investment.... Information Systems Strategy: A very basic information system (a simple desktop computer as hardware and Ms excel to keep the record) is in use at Mini Treats as it is a small company and having only three employees that's the whole works is divided between all three so the owner takes control of all the transaction like she answers calls to take orders she writes everything in a notebook....

11 Pages (2750 words) Case Study

Business Process Management in Systems Integration

Additionally, the basic objective of business process management is to decrease human error as well as miscommunication and allowing stakeholders to put attention on requirements of their job.... This will discuss some of the important aspects of business process management and its role in system integration.... In this scenario, first one is horizontal frameworks, which focuses on design and development of business procedures and normally pay more attention on technology and reuse....

4 Pages (1000 words) Literature review

Business Benefits of Supply Chain Management Systems

Only an effective supply chain management system can enhance the firm's responsiveness to its customers' needs and utilization of its resources.... In effect, the supply chain management system enables a firm's coordination during the processes of planning, production, and logistics with the suppliers.... A business should be able to evaluate the status of its suppliers and resources while maintaining an inventory system along the supply chain....

7 Pages (1750 words) Assignment

Operations and Business Systems Management

The paper "Operations and business Systems Management" concentrates on the firm Cadbury Ltd.... Cadbury's have been a renowned English manufacturer of chocolate products for more than 100 years.... As Cadbury – Schweppes, the firm is a major food products conglomerate, but one with very deep roots....

10 Pages (2500 words) Research Paper

The Concept of Doing First and Analyzing Later

This bad project management results in bad financial performance and thus shareholders divest, moving to better investment options.... he above argument is just a glimpse of the importance of project management.... This revolution is driven basically by the tough competition being faced by corporations....

6 Pages (1500 words) Essay

Business Information Systems and Enterprise Resource Management

Implementation of the latest ERP application proposed to develop efficiency; it has become apparent that better procedures and practices were enviable for moving as well as recovery of business invoices, plus the bank started out to the marketplace in order to find out new and innovative solution and efficient techniques (SoftCo Group Ltd.... At the earlier SAP implementation in the Bank of Ireland, there were great opportunities and facilities to the additional and far effective development in business invoice management and accurate handling of business dealings....

9 Pages (2250 words) Assignment

Importance of Knowledge Management System in Business

nbsp;The importance of knowledge management in the developmental process of business is very much underlined in today's world of business.... To meet the day to day affairs in the complexity of business world, the application of highly advanced knowledge management and strategy is essential.... All fields of business such as production increase, patent inventions, trademark decisions and product marketing can be developed considerably by considering the knowledge management system of business as business asset....

16 Pages (4000 words) Case Study

The Modern Business System and New Techniques of Management

This study is going to evaluate and access the importance of knowledge management system and its submerging tools “social networking”, in respect to the modern business and apprehension.... This good is in terms of performance, progression and overall organization deliverance in a competitive business environment (Brown and Duguid, The Social Life of Information 2000).... The sources taken are the peer-journals on knowledge management practice and social networking tools....

12 Pages (3000 words) Essay