James Harrington said:
“Everything we do today can be done better by concentrating on the process.”
Business Process Improvement (BPI) refers to diagnosing, analyzing, and improving existing business processes in an enterprise to enhance performance and provide continuous business growth.
In a simpler term, BPI is all about making changes (improvements) to the way you work (your process) to see better results for your business.
More than ever, optimizing business activities in the light of a more technologically driven economy is non-negotiable. Hence, factoring BPI into your organization’s growth plan helps to achieve the following:
1. Eliminates Waste of Resources:
Business process improvement helps to better plan, organize, and thoroughly prepare a company for the long term. By establishing clear guidelines and procedures, you know your goals, the means to achieve them, what to avoid, and what to look for. As a business implementing BPI, you get to track important metrics related to your progress. Thus, when you track the progress, you can eliminate waste—be it money, resources, or time—in real-time and act at the right moment.
2. Increased Productivity and Efficiency:
Effective practices that support business process improvement can help remove inefficiencies and ultimately improve the productivity of team members. With tools for enhancing processes such as AOAHUB, organizations can evaluate performance appraisals and evolve processes without restricting the way teams work. Reporting and analytics provide insights into delivery trends to remove bottlenecks, predict future issues, and adapt workflow processes for improved productivity.
3. Reshaping Company Culture:
Even though most companies pay less attention to company culture, it has been remarkably recognized as a contributor to an organization’s growth by 33% according to TimeCamp.
BPI evaluates which organizational procedures and regulations add value to the company and help to steer it in the right direction. Thus, Improving business processes supports the strategy, mission, vision, and goals in line with the culture and eliminates those that don’t support company culture. Or create a new one that aligns with company values.
The benefits of Business Process Improvement are numerous and the reason to put one in place is immense. It’s a great way to transform your business to stand out on the market and adapt to global changes in the business world.
DISCLAIMER:
The material contained in this publication is provided for general information purposes only and does not contain a comprehensive analysis of each item described. Before taking (or not taking) any action, readers should seek professional advice specific to their situation. No liability is accepted for acts or omissions taken in reliance upon the contents of this alert.
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