Post by The Golding Group

Business Process Management (BPM) is a strategic approach to creating effectiveness, efficiency and dependability in the execution of business activity. By focusing on ALL processes necessary for day-to-day operations, you (business leader) can better manage your business outcomes. - Businesses are organized by separate but collaborative departments: Production, Distribution/Logistics, Marketing, Sales, Accounting, HR, Management, etc... - Processes are the "business rules" (steps, guidelines, actions, operations, procedures, practices, techniques, etc.) for accomplishing necessary tasks. These are actions, tools, skills or communication required for each role in the business - the what, when, where, why and how of every function in the business structure. - Systems (or systemization) are a collection of processes that all work together to produce efficiency. - Management is the continual adjustment, improvement, and organization of processes and systems for the best possible outcomes. - Business Process Management is highly focused execution to maximize the potential of business strategy, assets and structure through continual improvement. Why is that important? BPM creates the opportunity for constant improvement via communication, measurement and adjustment of internal and external processes. These improvements translate to efficiency in developing, creating, and delivering products and/or services. The potential benefits are lower production costs, faster delivery/turn times, lower overhead, better profit margins, agility, multiple levels of leadership, consistent potential for growth and a positive attitude toward innovation. A potential downside is overthinking business processes, placing too much emphasis on finding savings or efficiencies that might not exist. BPM is hardest to incorporate in industries that rely chiefly on creativity and experimentation, but it is essential for quantifying and organizing to achieve profitability.