Process Improvement in Mining Industry-Free-Samples for Students

Question: Discuss about the Importance of Implementing Management and Process Improvement in Mining Industry. Answer: Problem Statement Companies are dealing with increasing economic competition and for this reason the managers are making great attempts in revealing the methods that can make sure a competitive edge within the industry (Benner Tushman, 2015). The companies also consider it vital that the management methods are aligned with competitiveness logic that demands production costs reduction and profits increase. These processes encompass managerial concepts that involve low cost. Considering the importance of the implementing effective management and process improvement techniques the research will focus on revealing sustainable methods for production and management improvement. There are several methods that can be implemented by the manager of BHP Billiton in dealing with economic competition and dealing with specific process based risks (BHP Billiton | A leading global resources company. 2018). The research will address this problem through recognizing distinct ways in which production resources availabl e within BHP Billiton can be used through considering use of modern management technologies. Aim and Objectives The aim of this paper is to carry out a research on Importance of Implementing Management and Process Improvement in Mining Industry considering the company BHP Billiton. The objectives of this research are explained under: To analyze the continuous improvement process in BHP Billiton To evaluate the effective continuous improvement strategies implemented by BHP Billiton To analyze the ways in which lean and six sigma model can be implemented by BHP Billiton for process improvement To recognize the suggested management and process improvement practices for BHP Billiton A Brief Methodology Literature Reviews The literature review section will explain the concept of management and process improvement that can facilitate BHP Billiton in realizing the ways in which mining is a contributor to economy and is subject to demand and supply inconsistencies (Kusi-Sarpong, Sarkis Wang, 2016). Evaluation of the literature on this research topic will also facilitate in analyzing the continuous process improvement in the mining companies over years. This section will also analyze the ways in which the mining industry employs highly competitive technologies focused on developed economic segments. The complex natural and market situations within which the mining organizations operate need superior quality management which considers their employees as process and management improvement aspects (Shen, Muduli Barve, 2015). Data Collection Secondary data is deemed to be gathered from the industry sources and government websites. Such data gathered will be from authentic and reliable sources as it will include information collected regarding the research topic from books, journals, companys annual reports and websites (Van Der Aalst, La Rosa Santoro, 2016). Interviews In order to support the outcomes gathered from secondary data, this research will also carry out interview with the manager of BHP Billiton. Certain open ended questions will be asked to the manager in the interview process (Yakovleva, 2017). The findings of the interview will facilitate in analyzing the importance of implementing management and process improvement in the company as well as the mining industry. Secondary Data and Data Analysis Methods Secondary data will be gathered from annual report of BHP Billiton along with certain government sources. Such data sources will facilitate in extracting relevant information regarding the management and process improvement strategies implemented by the company. Moreover, data gathered will be analyzed in consideration to test the relationship between the dependent and independent variables identified trough the research (Van Der Aalst, La Rosa Santoro, 2016). Data gathered from the interview will be analyzed through correlation analysis and through using MS Excel. Such findings gathered will be represented through tables and graphs that can facilitate in better explanation of facts regarding management and process improvement technique implementation. References Benner, M. J., Tushman, M. L. (2015). Reflections on the 2013 Decade AwardExploitation, exploration, and process management: The productivity dilemma revisited ten years later.Academy of management review,40(4), 497-514. BHP Billiton | A leading global resources company. (2018).BHP. Retrieved 4 April 2018, from https://www.bhp.com/ Kusi-Sarpong, S., Sarkis, J., Wang, X. (2016). Assessing green supply chain practices in the Ghanaian mining industry: A framework and evaluation.International Journal of Production Economics,181, 325-341. Shen, L., Muduli, K., Barve, A. (2015). Developing a sustainable development framework in the context of mining industries: AHP approach.Resources Policy,46, 15-26. Van Der Aalst, W. M., La Rosa, M., Santoro, F. M. (2016). Business process management. Yakovleva, N. (2017).Corporate social responsibility in the mining industries. Routledge