- Grupo Bimbo organizational chart: management functions
- Investors Assembly
- Board of directors
- Corporate Practices and Audit Committee
- Evaluation and Result Committee
- Finance and Planning Committee
- Bimbo organization chart: managerial functions
- Functions of the Sales Department
- Functions of the Finance Department
- Functions of the Production Department
- Functions of the Administration Department
- Functions of the Logistics Department
- Functions of the Personnel Department
- Functions of the Audit Department
- Duties of the Security Department
- Purchasing Department functions
- References
The flowchart Bimbo consists of a total of 196 plants. Grupo Bimbo is a Mexican multinational corporation, world leader in the bakery industry (fresh and frozen bread, cookies, buns, pastries, tortillas, among others), both in terms of sales and production volumes, with more than seventy years in business. the market.
Its annual net sales reach $ 13,890 million, it has more than one hundred brands that produce more than 13,000 products and it has more than 138,000 employees, having a presence in 32 countries in America, Europe, Asia and Africa.
Forbes magazine in 2017 ranked Grupo Bimbo in the 1092 position of the Forbes Global 2000, which is a ranking carried out annually with the 2000 most important companies in the world. Bimbo's market price was 11.8 billion dollars.
Grupo Bimbo organizational chart: management functions
Investors Assembly
It is the highest command body of the corporation. Among the many decisions it makes, this assembly has the power to choose the members of the Board of Directors.
Board of directors
It is the governing body in charge of implementing the long-term strategy of the business, approving the main decisions of the Group, managing risks, being alert to compliance with regulations and supervising the administration, as well as appointing, evaluating and dismissing the CEO and the main managers of the company.
It is currently made up of 18 proprietary directors, of which six are independent. He is legally the attorney-in-fact for the Company, with extensive administrative power in the company's business.
In order to comply with its actions, it has the support of the Audit and Corporate Practices, Results Evaluation, and Finance and Planning Committees.
Corporate Practices and Audit Committee
This committee is currently made up of five independent advisers, and is in charge of the following:
- Investigate noncompliance with internal audit and control regulations.
- Carry out studies to analyze the effectiveness of risk management policies.
- Check compliance with the organization's rules, being able to exercise controls in the administrative area regarding accounting practices and the fulfillment of the functions that correspond to each of the different auditors of the Group.
They will be able to make their judgment on:
- Any reform to the accounting processes that are related to the preparation of the financial statements.
- The implementation of important procedures.
- Any action that is related to the CEO or other important managers within the organization.
Evaluation and Result Committee
It is currently made up of five councilors. Their functions are:
- Examine and endorse the compensation structure, its guidelines and the growth projects of the employees and assistants of the Group and of the secondary companies.
- Study in depth the results of the financial year and their importance in the general compensation organization of Grupo Bimbo.
Finance and Planning Committee
It is currently made up of eight councilors. It is responsible for:
- Evaluate and request acceptance by the Board of Directors of the assessment made of the long-term investment plans, as well as the guidelines related to the investment and financing of the Group.
- Determine the risks of these strategies and determine the policies for their administration.
Bimbo organization chart: managerial functions
Functions of the Sales Department
- Carry out weekly sales planning by product brand, by customer and of new products.
- Take sales orders from different customer accounts.
- Introduce the company's new products to the market.
- Establish marketing strategies adjusted to the general objectives of the company.
- Analyze sales to identify any lack in a specific product line, to suggest the creation of a new product or to promote the sale of existing ones.
Functions of the Finance Department
- Manage and control the financial and economic resources of the company.
- Make the payments corresponding to the existing economic commitments between the company and the company's personnel or any other entity with which an economic agreement has been entered into.
- Make the receipt, accounting and deposit of the money product of the sales of the products.
- Keep cash flow updated, looking for financing if necessary.
- Generate the financial statements.
Functions of the Production Department
- Carry out the planning and production program, taking into account the sales forecast.
- Evaluate production alerts and decide, together with Sales, if it is appropriate to make changes to the production schedule.
- Apply quality control strategies at each stage of the production process.
- Evaluate the availability of raw materials, equipment and personnel, according to the desired production level.
- Evaluate production costs, in order to plan strategies to reduce them.
Functions of the Administration Department
- Analyze the collection of customers, supervising the expiration of the credit and the established credit limits.
- Analyze payment to suppliers and other entities, in such a way as to maximize cash yield without disturbing the normal operation of the company.
- Carry out the pertinent calculations for the cancellation of wages and salaries of all staff.
Functions of the Logistics Department
- Comply with the standards of storage, packaging, distribution and sale of the final product.
- Establish product distribution strategies to maximize the efficient use of transportation and thus guarantee deliveries to customers, as well as the search for returns.
Functions of the Personnel Department
- Capture and select the personnel required by the different departments.
- Carry out professional training courses and personal growth for workers.
- Establish worker benefit programs.
- Maintain the relationship with the community and with the corresponding government agencies.
Functions of the Audit Department
- Establish the necessary regulations to control the processes.
- Analyze the processes of the company and execute the necessary improvements.
- Establish mechanisms for internal control.
Duties of the Security Department
- Ensure compliance with industrial safety regulations, according to current regulations.
- Plan the training strategy in industrial safety, aimed at all company personnel.
- Cover the physical or psychological requirements in terms of health and safety of all personnel.
Purchasing Department functions
- Guarantee the supply of materials and products for internal consumption.
- Supervise that the procedures for the acquisition of products are in accordance with the established regulations.
- Keeping inventories updated, which implies that it controls the level of stock available for the company.
- Track purchase orders, in order to verify the completion of the process.
References
- Grupo Bimbo (2018). Corporate governance. Taken from: grupobimbo.com.
- Bimbo Analysis (2018). Bimbo organization chart. Taken from: bimboanalisis.wordpress.com.
- Wikipedia (2018). Bimbo group. Taken from: es.wikipedia.org.
- The Official Board (2018). Bimbo group. Taken from: theofficialboard.com.
- Diana Wicks (2018). What Are the Responsibilities of a Commercial Manager's Job in a Durable Consumer Company? Small Business - Chron.com. Taken from: smallbusiness.chron.com