Management of Business System

Masters
Research Paper
Miscellaneous
Pages 7 (1757 words)
Download 0
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…

Introduction

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 add ...
Download paper
Not exactly what you need?

Related papers

Management Portfolio (HAVARD SYSTEM)
Civil Engineering is & will continue to be the most rewarding & vibrant profession in this century. However, the kind of work associated with the engineering profession will continue to change depending upon the changes in the management portfolio of the profession. The ongoing rapid technological enhancements, the population explosion and the ever increasing global environmental issues are…
Performance Management System
Management By Objectives (MBO) is the necessary tool and must form part of the management performance process. Staff reduction is mandatory as the company will not require the staff strength that used to oversee sales and distribution of fruit juices.…
Strategic Management Accounting System
It further explains the control procedures expected at the three levels of management control (strategic, tactical and operational) and provides a discussion of how control is exercised and information required at each management level, relates to Highline Co. Ltd.…
Management Information System Essay
Public transportation in the UK serves more than 75% of the total commuters' transportation in the UK as argued by Simon Taylor (2003)iii. Railways in the public transportation especially accounts for over 50% of the total market share in the public transport as identified by Simon Taylor (2003). This makes it clear that the rail transport market in the UK public transport industry not only forms…
Database Management System
It is essential or the organization to develop an effective database system. Database is defines as a system, used to record and maintains data. The most important point to understand database is that database contains data and not necessarily information. The database is a collection of interrelated data, which can be used by one or more applications that it can be integrated and is stored in a…
Management Accounting Control System
The needs of it vary for different organization in accordance to business areas of their concerns. Its needs include:…
Management of Business System
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…