Understanding Business Process Management

Are you looking to align your business’s processes with its overall strategy? Business process management is ultimately about delivering results and driving growth.

Let’s take a deep dive into what is business process management and how it impacts your business.

What Is Business Process Management?

In a nutshell, business process management is the practice and discovering and controlling a business’s processes
This is done in order to properly align them with its business goals
Business process management uses various methods to discover, model, measure, optimize, and automate business processes
It is also referred to as business improvement management
This highlights how this practice is about generating improvements within a business

What Are the Benefits of Business Process Management?

Effective business process management comes with a host of benefits. Let’s highlight some of these here.

Improves Business Agility

Every business must have the ability to react to change
By adopting business process management, businesses have the ability and speed to meet changes that demand a quick response

Increased Efficiency

Every business understands the value of making its process function more efficiently and smoothly
This is central to business process management
Practices are designed to pinpoint inefficiencies and eliminate slowdowns

Ensured Security and Compliance

A business that uses business process management has a better ability to create a workplace that is secure against threats
These threats include theft and fraud
It allows ensures that it is compliant with changing regulations

More Complete Visibility

Many business management processes use technology and software to check progress and success
This allows management to monitor the performance of business processes
This enables further adaptations that streamline business processes

Easier Transfer of Business Knowledge

A part of effective business process management is having a well-documented process map of each workflow
This avoids issues when there are changes in the workforce, such as employee retirement
What knowledge has been gained is not lost when changes, such as retirements, occur

Increased Opportunities for Continuous Improvement

The information that businesses receive through effective business process management activities allows for regular and ongoing improvements of their business model
It allows for process refinement and adaptation over time

Better Relationship with Customers

Business process management also allows businesses to optimize their processes in order to meet the customer’s demands in a better manner
This leads to a better relationship with customers

The Life Cycle of Business Process Management

Let’s break down the life cycle of business process management activities.

Design

This encompasses the identification of existing processes with the design of new processes
The basic aim of this step is to ensure that a correct and efficient new management design is established

Modeling

This step involves a lot of “What if?” scenarios
It takes the above design and introduced combinations of variables to determine how it might operate under different circumstances

Execution

This activity is largely about enacting the business process that has been designed and modeled
It may be done either manually or automatically
Many business process management activities today involve technology, driven by software

Monitoring

This stage involves the tracking of the individual process
This allows information on their state to be seen, tracked and understood
Problems that exist can be identified and corrected thanks to effective monitoring

Optimization

Optimization is about identifying potential opportunities for improvements (such as cost savings) and applying them in the design of the process
As well as potential opportunities, it allows businesses to identify potential bottlenecks and create greater business value

Re-Engineering

Occasionally, processes become inefficient or overly complex
Business process re-engineering is an effective strategy here. It allows businesses to achieve the desired productivity and efficiency within their company

Getting the Most Out of Business Process Management

Are you looking to get the most out of business process management? Then partner with the experts in business development and consulting. Kamyar Shah offers a host of services that help businesses reach new heights.

Sources

https://www.cio.com/article/230560/what-is-business-process-management-bpm-the-key-to-enterprise-agility.html
https://www.linkedin.com/pulse/9-benefits-business-process-management-why-youll-love-mansi-s-/
https://kamyarshah.com/process-management-101/
https://kamyarshah.com/intermediate-process-management/
https://kamyarshah.com/advanced-process-management/

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