Wednesday, February 26, 2020

Business process management Essay Example | Topics and Well Written Essays - 250 words - 1

Business process management - Essay Example Mature organizations on the other hand, produce quality products or services effectively and there is no variation in efficiency and quality. 2b Describe a capability maturity model with which you are familiar. The model can be described in two ways . Mature organizations use objective and statistical basis of judging product quality and analysing problems with the product and process.Managers supervise process by monitoring the quality of the software products and the processes that produce them . Schedules and budgets s are forecasted making use of previous process data available. These forecasts produce realistic estimates of costs, schedules, functionality, product quality. There is not much variation in forecast and actual figures obtained. In general ,the mature organization follows well planned process because all employees understand the importance of quality and hence coordinate well. The second way is used to explain immature organisations.In immature organisation the produ ction process lacks coordination. Some employees produce high quality results and some do not which results in unsatisfactory results. On the other hand a mature is well coordinated and organised. Every employ puts is his best and produces high quality results.

Monday, February 10, 2020

Wolseley Accounts Report Essay Example | Topics and Well Written Essays - 2500 words

Wolseley Accounts Report - Essay Example This report will analyse the financial performance of Wolseley Group and how the group has performed in the last year or so. The report has been divided into three sections; the first section of the report will discuss and analyse how the group has performed in the last three years, the second section of the report will analyse the financial performance of the company using financial ratios of the year 2010 and 2009. The third section of the report will discusses about one of the items in the current assets of the company’s balance sheet, financial receivables. Section 1: Analysing the performance of Wolseley Group Wolseley Group is the leading trade distributor of heating and plumbing products to different professional contractors. The group operates in 25 countries and has more than 4000 branches around the world with more than 47,000 employees working for the Wolseley Group (Wolseley Group, 2011). The financial crisis has made a huge impact on different industries therefore the industries to which the Wolseley Group has been offering its products were affected as well. The demand of the products had reduced considerably around the world and therefore it influenced the sales of the company negatively. One of the most important industries to which the group has been offering its products is the construction industry. The clients of the Wolseley Group include large construction companies, professional contracts, individual contracts etc. However, with the economic crunch, the overall demand of the of construction projects has reduced to a great extent. There have been several factors that have lead to the reduction in the demand of construction industry as currently the economy is suffering with more unemployment and lower credit available, large number of housing inventory remained unsold etc. Therefore all these have resulted in reduction in overall construction in both the commercial as well as the residential sector. The following image reflects diff erent sectors of the group and it can be seen that most of them are directly or indirectly related to the construction industry. (Wolseley Group, 2010) In several countries including United States of America, United Kingdom, Nordic region, France and Central and Eastern European countries, the sales have reduced however only in Canada the sales of the Wolseley Group grew in the year 2010. But the problem is that Canada only contributes 6% of the total sales of the company as it has been shown in the image below. (Wolseley Group, 2010) All in all, the overall performance can be said to have improved as the sales declined by almost 14% in the year 2009 however in 2010 this figure has reduced to 6% and therefore it can be considered as a positive sign for the group. (Wolseley Group, 2010) Section 2: Analysing The Financial Performance Of The Group Using Financial Ratios Financial ratios are used to analyse the financial performance of the company. Financial ratios are used to analyse a nd compare one company from the other and it is also used to compare the performance of the company with its past performances (Ross, Westerfield, and Jordan, 2009). This section of the report will analyse the compare the financial performance of the company in the year 2009 and 2010 using financial ratios. Different types of financial ratios like the profitability ratios, liquidity ratios and the efficiency ratios are used in this report to analyse the performance of the company in the two years under study. Profitability Ratios Profitability ratios are used to analyse the profitability of the company. The higher the value of the profitability