Are you hearing the term business
process optimization for the first time? It is a popular concept that is introduced in the last decade. The
companies and businesses optimize their processes by employing various kinds of
technologies. The term process represents all events and activities that are
carried out to create new service or event. BPM is an effective tool that helps
to increase productivity and reshape your business. It has been developed from BPM software to one
complete system. If you do not know much about Business Process Management and
wish to learn about it, then you need to check out our quick guide.
Business process management helps
in improving the overall efficiency of a business and offers a competitive benefit over others. The software
will streamline the activities, major business processes and operation right
from the start to its completion. It is easy to apply and integrate the
software in any department and division so that you can start functioning in a
restructured and simplified manner.
Before knowing about the features
and process of BPM, it is essential to learn about its application and concept.
BPM is highly used
in the form of system, software or suite. The type of application depends on the size and kind of the organization. The
BPM life cycle includes five major steps. They are modeling, designing, monitoring, execution and process optimization.
It is mostly known as DMEMO. When it is
used for beginners, it is categorized in more simple terms as designing,
execution and monitoring (DEM).
Designing phase: It is the most
important step where it will be started
with identification of designing and
existing proposed processes. It can be for any department and involves system
and system, human and system and human and human work processes. The management
performs an analysis and devises a theoretical design along with its effect on
various variables.
Execution phase: Once the model
is designed, the next phase (execution) will be
started. It is a complicated phase
since all the steps have to be measured and checked precisely. In this phase,
either a Business Process Management Software or suite is used to automate and execute the processes. However,
human intervention is highly important in this phase and especially when the
process needs to be automated.
Monitoring phase: It involves
process mining. It is a set of practices employed to follow the individual
processes. Process mining is performed
for identification, alteration and evaluation of problematic areas. It is the
final phase and optimization is followed to watch better business value. This
way, one can identify the short comings and potentialities of the complete
process.
Thank you for sharing this powerful article, your explanation is clear and very easy to understand. Please kindly visit our site to get more information about finance.
ReplyDeleteBusiness Structure