lead a BPI Team for K-Mart, Business & Finance Assignment Homework Help

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oyhroreel89

Business Finance

Description

LA 2-1: From what you know from experience and course readings, imagine you were hired (for big bucks) to lead a BPI Team for K-Mart.

LA 2-2: Based on the 3 objectives you chose in LA2-1,

  • Identify 3 ways – with verb-led bullets below for your reasons - you might gain stakeholder buy-in or support based on ideas gained from Best Practices for Socializing Business Process Improvement Initiatives

Notes:

Tips on BMGT 411 Best Practice in Readable LA Formatting:

  • Those who use tables and verb-led bullets make your posts far more readable! THX!
    • ALL: Beware of long, rambling paragraphs - hard to read, esp. online. 
  • Consider verb-led bullets with relevant, key words over long sentences in paragraphs, like these:
    • Use verb-led bullets more - sentence structure less
      • Think: verb-object
    • Make words work hard - no extra words - just relevant ones!
      • Improve your readability in business
      • Practice - your biz writing will become very clear

BPI is Business Process Improvement

  • a systematic approach to optimize underlying ways of doing business for more efficient (effective)
  • OPTIMIZE MEANS: Add value or eliminate waste until the costs of doing so exceed the benefits!
  • To maximize sales will bring in extra sales that cost a firm more than the price they receive for the item
  • To optimize such sales is to sell only in situations where there are profitable sales
    • Unlikely: a Baltimore pizza shop delivering a pizza to Philadelphia – not optimal nor $-effective

Key benefits to business process improvement - BPI: 

  • Higher productivity by an empowered work force (if they are involved in the improvement)
  • Add value at least cost – often by efficiencies or re-use of data or processes
  • Eliminate waste of money, people, materials, time, and opportunities
  • BPI IDEAL: Do it cheaper, quicker, easier, safer, with a great deal more job and customer

NOTE WELL: There is a lot of material in Read / View this week. Let me help by simplifying it - even standardizing it - a bit re the flow of Business Process Improvement (BPI).

BPI Handbook Approach

Mind Tools BPI

BMGT 411 CONSENSUS APPROACH to BPI:

1: Select process(es); establish  improvement objective

Assumed

A1. Form the Right Team – sponsors, project lead,. process owners , users, others who are impacted

A2. Select Linked Processes  – that do not add value or contain errors or waste but impact one another (Week 1-3)

2: Organize the "right" team

Assumed

B1. Sponsor Prioritize Success Factors – re costs, timing, quality (specs), ease-of use = performance expectations

B2. Facilitate Early Stakeholder Buy-In – process owners, users, others re insights / needs / participation (Weeks 2-3)

3: Flowchart current process

1. Map Process

C. Plot AS-IS Process – flowchart; “swim lanes” (Week 4)

2. Analyze Process

D. Assess AS-IS Root Causes of Errors / Waste = Talent / Equipment / Resources / Process (TERP) (Week 4)

4: Simplify process; make changes

3: Redesign Process

E. Create Improved TO-BE for Testing - Add value / eliminate errors and waste (Week 5)

5: Plan data collection; collect baseline data

4: Acquire Resources

F. Plan Testing Approach (Week 5)

6: Is the process stable?

7: Is the process capable?

11: Test the change

G. Conduct Positive & Negative Testing (Week 5)

8: Identify root causes for lack of capability

Best done in Step D above  (Week 4)

9: Plan to implement change

12: Is new process stable?

5: Implement / Communicate Change

H. Phase-in change and overcome resistance (Week 6)

10: Modify data collection

13: Did process improve?

14: Standardize process.

6: Review the Process

I. Monitor, Learn, and Adjust  (Weeks 7 -8)


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Explanation & Answer

Running Head: KMART OBJECTIVES
Objectives for Kmart
Name:
Tutor:
Course:
College:
Date:

1

KMART OBJECTIVES

2

Objectives
Introduce a consistent pricing-and-product strategy that is essential in appealing to all
customers who utilize the company products.


The company currently provides very limited "must-have" products that target a
particular market segment.



Most of the products made by Kmart are similar to those made by its sole competitors
and doesn’t differentiate its products from those of its competitors.



It is essential for the company to differentiate its products to target a particular market
segment.

Management expansion is the primary obligation of the company.


Kmart is primarily an insular company that is very rigid.



There has being very little efforts to advance or refresh the company brand over
the past couple of years since its establishment and the brand remains the old
fashioned.



Previously, cases of mismanagement hav...


Anonymous
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