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Business management assignment help
- 1. Business Management Assignment Help BPM 1
- 2. Business Process Management Assignment Help In this business process management assignment help you will get answer of following questions : How can this business or organization benefit from learning about the BPM model unique challenges will this organization have in using or implementing the Business Process Management (BPM)? 2
- 3. • Wal-Mart • Leading Retail Store in USA • Adoption of BPM • Attain Organizational Objectives BPM 3
- 4. • Reduce Inventory • Reduction in Cost • Competitive advantage • Improvement in Supply Chain BPM 4
- 5. • Focus business to business transaction • Add Customer Value • Greater efficiency in Business Process BPM 5
- 6. • Requires Excellent Skills • BPM Coach to project managers • New website in Canada BPM 6
- 7. • Reduction in Electricity Cost • Ensure organization commitment to Goals • Generate synergy in Processes BPM 7
- 8. • Sustainable Competitive Advantage • Adoption of RFID and Cross Docking • Reduction in electricity cost BPM 8
- 9. • Assignmenthelpexperts.com is the place where students can get business management assignment help writing services from qualified assignment writers. •100 percent original and quality content •info@assignmenthelpexperts.com BPM 9
- 10. • Assignmenthelpexperts.com is the place where students can get business management assignment help writing services from qualified assignment writers. •100 percent original and quality content •info@assignmenthelpexperts.com BPM 9
Editor's Notes
- Wal-Mart is the global retail store, which provides goods and services at lower prices to the customers and provides better standard of living. Wal-Mart is one of the largest leading retail stores in the United States (Wal-Mart 2011), which is located in 15 countries with 8500 stores with 55 different names. Wal-Mart has adopted Business Process Management in order to achieve the objectives of organization effectively.
- Our business management assignment help says that Business Process Management is a technique to reduce the gap between the optimal process and the capabilities of enterprise for improving business processes. Wal-Mart applied BPM model that includes several elegant tactics with precision execution. It provided its inventory data in order to identify specific products and discounted prices. It reduced its inventory that helped to reduce costs by 6%. The company adopted a logistics technique known as cross docking. Through using this technique, products are routed from suppliers to warehouses of Wal-Mart. After this; it takes very less time to ship the products from inventory to stores. This strategy played an important role in reduction of cost significantly. It helped to use this saving on company’s customers with highly competitive pricing. Company adopted effective pricing strategy that focuses on discount for the customers, who are facing financial problems due to adverse economic conditions. This pricing structure helped the company to offer low everyday pricing. This new business model helped the company to attract more new customers and produce more profits. Wal-Mart concentrated on developing an advanced supply chain to cover wide area of distribution for providing goods at right time on demand by customers. Company enforced its suppliers to use RFID that enabled it to identify and track items in the supply chain automatically. This model provided the company with several sustainable competitive advantages in market place (Kavilanz, 2012). It benefited the company in terms of lower cost, reduced inventory carrying cost, improved in-store variety and highly competitive pricing for the customers. Wal-Mart also focused on its technology to implement innovative processes and systems for improving its supply chain and obtaining greater efficiency. It helped the company to improve process quality and customer satisfaction.
- BPM model assisted the company to stay competitive and reduce the time elapsed and needed resources in a business process that increased the productivity per person of the company. It enabled the company to improve coordination across its departments and geographic locations. Through BPM model, Wal-Mart ensures that business and process should be aligned in such a way that provides maximum benefits to the organization. Through BPM model, Wal-Mart visualizes its activities within the organization. In addition to this, it also focuses towards business to business transactions. With the help of BPM model, company analyzes the different process flows and its relationship with business-to-business transactions. Through, BPM model Wal-Mart can be able to reduce the cost and adds customer value which in turn leads to increase in profits (Jeston & Nelis, 2008). BPM model enables the organization to cope with the environmental changes related to customers, technology, globalization and government rules and regulations. Wal-Mart has decided to invest in business models, organizational practices and corporate cultures. Due to its several benefits, Wal-Mart has to make investments in these areas. It has been analyzed that, without BPM model, Wal-Mart cannot be able to improve its business process. Thus, it is analyzed that BPM model adopted by Wal-Mart provides several benefits to the business.
- Apart from benefits, Wal-Mart faces various challenges while implementing the Business Process Model. It is analyzed that BPM models are extremely complex which requires excellent skills of employees. Due to the growing trends towards business process management, Wal-Mart has to integrate different business models. Organization has to provide BPM coach to the internal business project managers and BPM managers. Wal-Mart has made partnership with Stork Craft in Canada (Smith, 2010). Wal-Mart has faced some challenges in Canada. Customers are not able to purchase anything with site of Wal-Mart in Canada. Organization has to face different challenges in Canada; BPM model in Canada was not successful in providing benefits to the customers. Company has to provide training to the project managers and business managers in order to deal with the main challenges. Understanding and coping with different business models by the employees is the major challenge for Wal-Mart. Efficient utilization of Business Process Management is the major challenge Wal-Mart (Kavilanz, 2012). Project should also generate awareness of BPM in Wal-Mart. Company should also ensure that it provide sufficient support and commitment to organizational goals.
- Wal-Mart should also consume less time in generating awareness for the BPM model. It is the challenge for Wal-Mart, to judge the managers efforts through project objectives. For this, organization should provide proper training to managers so that they are able to achieve the project objectives efficiently. It is also a challenge for Wal-Mart to generate synergy in the process improvement. Through this, company can be able to increase exposure of BPM throughout the organization (Golumbia, 2009). Another challenge that company faces in BPM model is developing effective communication system. Organization has to overcome these challenges in order to provide make effective use of BPM model. Due to inefficiency in BPM model, organization has faced challenge of high electricity cost. Organization should focus towards the renewable energy which helps in overcoming the challenge of electricity cost. Main aim of Wal-Mart is to provide save people money in order to give better life. Thus, company can be able to earn profit only by reducing the cost of electricity. Wal-Mart has also analyzed that today’s business environment not only focus towards the profit potential (Hlupic, 2003). People now focus towards the effect of company on environment and social welfare. It is analyzed that Wal-Mart has a problem of resistance to change by the employees while implementing the BPM model. Organization has to convince the employees about the advantages of BPM. Integration of organization goals along with individual goals is also a challenge for the company. Therefore, it is analyzed that Wal-Mart also has to generate awareness among the employees regarding BPM. Company should also focus towards adopting new technologies for the making the business process management more effective (Hull, Mendling & Tai, 2010). Company should also able to manage the various processes effectively. BPM helps in managing various business processes within the organization. Thus, it is analyzed that company faced various challenges while implementing the BPM.
- From the above discussion, it is summarized that BPM provide various benefits to Wal-Mart which helps in achieving the sustainable competitive advantage. Wal-Mart has adopted different models for BPM such as RFID and Cross Docking. While implementing the BPM, Wal-Mart has to face different challenges.
- So, hurry up and please e-mail us your any business management assignment help at info@assignmenthelpexperts.com