The Business Management System

A Framework for International Competitiveness

image of The Business Management System

This guide presents the concept of business management system (BMS) as a generic structure for managing business enterprises. It explains principles of BMS and describes BMS components and how they interact with each other. The guide also reviews various phases of the strategy cycle of business management; deals with developing business capabilities and its importance for the business and outlines the transaction cycle of business management, explaining the tasks involved and their importance in exporting business. The appendices include BMS’s failure mechanisms, a glossary of related terms, and Nomenclature of BMS.

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Transaction cycle production tasks: Fulfilling orders

Estimating production costs. This task is defined as estimating manufacturing costs in terms of projected manufacturing schedules and standard costs. Estimating the cost of manufacturing an order means calculating the resources the enterprise has to expend to manufacture the goods and deliver them to the buyer. When an export order is received, the enterprise should be able to quickly and accurately calculate the direct cost and the overhead allocation based on standard procedures. This estimate may or may not be the basis of pricing, but it must be known so that the enterprise can make a rational decision about the price to quote and accurately calculate the expected profits (or losses).

English Spanish, French

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