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Application of selected methods and approaches for improvement of processes and their use in practice in companies of wood processing industry in Slovakia

Simanová Ľubica, Gejdoš Pavol

Management Systems in Production Engineering

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2019

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nr 3 (27)

162--165

EN

The aim of the paper is to point out the principles of process management and selected quality management tools, which are aimed at improving the processes of the wood processing industries of the Slovak Republic. The knowledge from these areas is based on the analysis of the theoretical origins from domestic and foreign sources and supported by the results of the research carried out in the first half of the year 2017. In the processing of the results, classical methods of research work were used such as analysis, synthesis, comparison, descriptive statistics, contingency tables, chi-quadrat test and graphic depiction. Based on the analysis of the research results, there was a slight dependence between the process optimization levels in the timber industry and other process improvement methods such as statistical process control methods and graphical analysis and problem solving tools.

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Reengineering of production processes and its impact on the financial situation and business performance of the company

Sujová Andrea, Simanová Ľubica, Marcineková Katarína

Engineering Management in Production and Services

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2019

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Vol. 11, no. 3

106--116

EN

The current competitive environment is only favourable to those companies that can cope with changes and use them to their advantage. The innovation of business processes is required to improve financial performance. Scientific works have not yet offered an effective solution to the monitoring of the impact made by process reengineering on corporate financial results. This work presents the case of a business process reengineering in a particular company to improve its performance. The results of implemented reengineering are analysed from the point of view of the impact made on the financial situation of the company. The paper aims to demonstrate the implementation of reengineering and evaluate its impact on the financial standing of a company and its performance. The practical application of reengineering was made according to Hammer and Champy methodology, which is based on the analysis of production processes in the company, the implementation of selected reengineered production processes and the evaluation of the reengineering impact on the corporate financial situation and performance. During the evaluation, the selected indicators of financial performance, activity indicators, the indebtedness indicator, business performance indicators as a cash flow to measure financial flows and the economic value-added (indicator EVA) were calculated and analysed. Subsequent to financial analyses and based on the selected indicators, the authors concluded that the implemented reengineering of the production process increased the performance and value of the company, which had a positive impact on the company’s financial situation. The funds spent on the proper implementation of the reengineering steps were effectively used, and the reengineering process was also timed. This contribution to the body of theoretic knowledge links the implementation of reengineering and the part of the financial analysis, which is related to the preparation, implementation and reengineering results.

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Influence of modern process performance indicators on corporate performance — the empirical study

Sujová Andrea, Marcineková Katarína, Simanová Ľubica

Engineering Management in Production and Services

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2019

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Vol. 11, no. 2

119--129

EN

The increasing pressure of globalisation on the worldwide market has forced enterprises to shift their focus from product quality to effectiveness of internal business processes. The object of interest of this paper is a modern management approach based on corporate performance evaluation by measuring the performance of internal processes. The paper aims to prove that the use of modern indicators and the measurement of internal processes belong among factors that have a direct positive impact on corporate performance. To reach the aim, empirical primary research was carried out. The paper focused on research results regarding the use of modern indicators for the measurement of business processes in Slovak industrial enterprises from selected branches. The primary quantitative research was conducted using questionnaires. The research aimed to test the hypothesis stating that enterprises using modern indicators to measure process performance have been reaching more positive ROE values, representing a basic indicator of corporate performance. Dependences among the data selected from the empirical research were analysed using statistical methods, namely, the chi-squared test, T-test and the correlation analysis. Based on the statistically processed data, the authors concluded that business processes are a basic source for the evaluation of corporate performance. Higher ROE values can be reached using modern process indicators, especially in mass production enterprises. The paper contributed to the further development of knowledge in performance management, specifically, process-oriented management.