Tuesday, February 9, 2010

Business Process Management: Why Here, Why Now?

The Business Process Management (BPM) realm continues to evolve at a rapid pace. This is not just in relation to the technology/software that various businesses offer and employ but also with the approach to the process in itself. With these periodical changes taking place in this field, a good source of up-to-date information is often sought.

After all, BPM does play a significant role in the shrinking of most spheres of businesses. Not only does BPM help with an assortment of automation options, but also offers a continual improvement process coupled with various communication platforms. Evolved BPM components now allow businesses to customize their processes, policies, etc. in accordance to the target audience needs, geographical locations notwithstanding.

A good BPM strategy in today’s world would have you focus on integrating aspects like processes, systems, and data, along with your workforce spread across multiple locations. Your BPM strategy would also allow you to associate metrics with the life cycle of your business process, and this would take into account aspects like improving, redesigning, implementing, and managing your business process.

In looking to incorporate a BPM strategy, some basics that need to be addressed include:
  • Globalization: Even if you run a single unit today, you should ensure that your strategy takes into account that you might soon operate from one or more remote locations, thereby requiring one common platform.
  • Innovation: Ours is a constantly evolving world, and irrespective of the strategy that you follow, you should always look to embrace new technology.
  • Productivity: Your BPM efforts should not come at a cost of reduced productivity, and if that is the case, then you are obviously doing something wrong.
  • Streamlining the flow of information: Since automating various business aspects is the key to Business Process Management, you can easily collate data from various sources and use it as valuable information.
  • Customer Satisfaction: Since this forms the crux of every successful business, it is very important that you know just how you can use your BPM efforts to focus on the needs of your customers. The fact is that through your BPM efforts you can manage to retain your existing customers with a considerably higher rate of success.
Therefore, in these trying times, while most prominent economists are at loggerheads about whether the economy is rising only to fall again, having your core business strategies in place becomes very important. So while you might wish to implement a BPM strategy to simplify your workflow and/or expand your business, it is very important that you go about doing so in the right manner. With the sea of information about BPM that you have access to through the internet, it is quite easy to get lost.

While I do end up referring to a plethora of sources in my quest for BPM knowledge, I understand that not everybody can be as patient (or resourceful). This, therefore, is my endeavor to keep you posted about all the developments in the world of Business Process Management and Workflow solutions.

Also, if there’s anything that I miss, or if there’s anything that you would like to share, please feel free to contribute.

1 comment:

  1. A Business Measure helps in measuring a particular aspect of a business process or any external data.

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