Business Process Management is a systematic approach to design, model, execute, monitor, and optimize business processes. BPM combines both incremental and radical improvements using technology.
Thank you for reading this post, don't forget to subscribe!Key Components of BPM:
- Process Modeling: Visual representation of workflows
- Process Execution: Using software tools (BPM suites) to automate workflows
- Monitoring & Analytics: Measuring performance and identifying bottlenecks
- Continuous Improvement: Iterative refinement for optimal efficiency
Benefits of BPM:
- Greater transparency in operations
- Improved efficiency and effectiveness
- Better alignment with organizational strategy
- Supports continuous improvement and innovation