The BPM Guide: Accelerating Digital Transformation
What is BPM? How do I know it can address my challenges? Where do I start? Get the answers to these questions, and more, with the BPM Guide!
Process Improvement is the proactive task of identifying, analyzing and improving upon existing business processes within an organization for optimization and to meet new quotas or standards of quality. It often involves a systematic approach which follows a specific methodology but there are different approaches to be considered. Some examples are benchmarking or lean manufacturing, each of which focuses on different areas of improvement and uses different methods to achieve the best results. Processes can either be modified or complemented with sub-processes or even eliminated for the ultimate goal of improvement.
Process Improvement is an ongoing practice and should always be followed up with the analysis of tangible areas of improvement. When implemented successfully, the results can be measured in the enhancement of product quality, customer satisfaction, customer loyalty, increased productivity, development of the skills of employees, efficiency and increased profit resulting in higher and faster return on investment (ROI).
Process improvement is a key feature of many BPM Software products. These products serve to automate processes that are added into the software suite. Once the processes are run via the software, process managers and executives can then see where improvements are needed within the process by looking at process completion times etc.