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Commercial Management Model based on the DFSS and BPM Methodology to Increase Liquidity in SMEs in the Retail Commercial Sector

Research output: Chapter in Book/Report/Conference proceedingPaper (Conference contribution)peer-review

Abstract

Peru is mostly made up of SMEs (small and medium-sized enterprises). Despite this, these companies often have financing problems, risking their liquidity and, in the long term, their solvency. A company with liquidity problems has a high probability of bankruptcy. Faced with this problem, it was decided to make a model based on the combination of two methodologies, Design for Six Sigma (DFSS) and Business Process Management (BPM). The proposed model was implemented in a Peruvian SME company in the retail commercial sector. In the analysis of the company, it was possible to identify the problems of the company, of which it was decided to solve two of them. As a proposed solution to the chosen problems, a restructuring of the collection policy was carried out. In addition, the opportunity was found to carry out a cumulative points strategy through the marketing strategy used by the company. The result was successful, the company improved the result of its Acid-Test Ratio to 1.3% and increased its liquidity indicator to 1.58%.

Original languageEnglish
Title of host publication2022 8th International Conference on Industrial and Business Engineering, ICIBE 2022
PublisherAssociation for Computing Machinery
Pages133-139
Number of pages7
ISBN (Electronic)9781450397582
DOIs
StatePublished - 27 Sep 2022
Externally publishedYes
Event8th International Conference on Industrial and Business Engineering, ICIBE 2022 - Virtual, Online, China
Duration: 27 Sep 202229 Sep 2022

Publication series

NameACM International Conference Proceeding Series

Conference

Conference8th International Conference on Industrial and Business Engineering, ICIBE 2022
Country/TerritoryChina
CityVirtual, Online
Period27/09/2229/09/22

Keywords

  • DFSS
  • Liquidity
  • Montecarlo Simulation
  • Points award
  • SME

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