Essay about Mat 510 Week 3 Discussion Question

(TCO 6) In an activity-based costing system, cost reduction is accomplished by identifying and eliminating:

All organizations will encounter strategic challenges over their duration of years in business. These challenges will come at all different levels across the company. Knowing that these challenges have happened in the past and will happen in the future, it is important to see how an organization will react to overcome the challenges.

Task 1. Summarize each of the above-proposed projects in a simple table format suitable for presentation to top management. Include the name for each project, identify how each one supports business strategies, assess the potential financial benefits and other benefits of each project, and provide your initial assessment of the value of each project.

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Per the textbook, to eliminate or reduce non-value-added work is a core step in improving profitability or efficiency of the business process. Give your opinion on whether or not you agree or disagree with this statement and include one (1) example of a business process which supports or criticizes the aforementioned

2. Evaluate Gordon Biersch's organizational alternatives to realize its growth ambitions. Recommend a course to follow?

As previously mentioned, the use of activity-based costing gives Kemps an advantage when competing for customers in an ever more competitive and growing market. However, the ability to succinctly distinguish how many small changes, when taken together, can have a large impact on cost savings (and therefore profit), is necessary in order to convince customers who may not be familiar with the many benefits of ABC. Mainly, management would want to demonstrate how the cost savings that they enjoy are ultimately passed on to their customers, perhaps by showing some of the improvements that have been made to their own company as a result of implementation, specifically focusing on advancements that would have a direct impact on the customer’s business.

What are your strengths (resources, employees, products & services). How will they help you take advantage of the above mentioned opportunities? What are your weaknesses and how will you overcome them using your strengths? What needs to be fixed?

That relates directly to winning a larger market share. The short-term goal for the company should be to cut coasts and improve the human resource department functions. Which can be done through the above stated suggestions of the improvement of the business.

The role of information technology (IT) in the world of business process improvement can take many forms. From an automation standpoint, no one knows more about the subject than the IT professionals within an organization. From the business unit perspective, no one knows more than the department professionals. The article selected for this analysis is titled "Whose is Process Improvement Anyway?" by Meridith Levinson. It describes two separate organizations that utilize IT in their business process improvement strategies. It further describes the hurdles that must be overcome to make IT a leader in business process improvement initiatives.

Business Process Management (BPM) is a methodology which has been about since the early 90s, early methodology emphasized that Information Technology made it possible for enterprises to commence major reconsiderations in the way they did work. At the time, it was yet another effort at taking more efficiency to private and public establishments, drawing attention to the condition of disintegration of horizontal processes which has consequences on delays for the customer, increases in costs of the final product and weakened competitively. The way to overcome this was through the reengineering of the work processes, removal of layers and essential reorganization. Although it had some realization in a few companies, the BPR movement fell into ill repute mainly due to the “scorched earth” policy which was adopted in many of the interventions.

Activity-based costing reveals that this analysis is faulty. Using activity based costing, we find out how much work goes into the sales for each category. The results are as follows:

Question 1 : The Power of Business Process Improvement Every business process in every organization can be improved—made better, faster, more efficient, more cost-effective, and more flexible to changing business needs. Business process improvement (BPI) can drive substantial bottom-line increases, ultimately accelerating the revenue cycle. Question 2: Marketing’s Impact on Firm Value: Generalizations from a Meta-Analysis Page 2 out of 42

• Back end operations need to have efficient and effective processes in place that are best practice

In Business Process Improvement (BPI), the process of an organization is improved by identifying the specific operations skills or a group of employees’ skills in order to have more efficient workflows, as well as overall business growth. The Business Process Reengineering (BPR) strategy becomes more radical, lengthy, difficult and vast for many organizations. The BPI strategy is less radical, less lengthy, less disruptive and more incremental approach. The process is also known as functional process improvement.