The business environment of today is highly competitive and in such a scenario the companies are identifying certain potent points on how they can chalk out solutions to cater to the varied stakeholder demands.
In this age, the customers want improved products and services that can up the satisfaction level like never before. At the same time, the stakeholders are keen on operations that are well-managed and efficient in a bid to keep the expenses down and maximise profits.
When it comes to meeting these demands, companies have realised that a functional approach has to be opted for when it comes to specific roles to achieve the desired results.
And, to achieve the desired results, many companies take up a comprehensive approach to business process management, which is popularly called today as BPM. This BPM is the fixed discipline to boost the business processes with the help of the right design, implementation, development, monitoring, and further to that the maintenance of the system in place. Most successful companies make use of a software suite when it comes to planning, organising and controlling the undertaken process activities.
What are the different elements of BPM?
BPM makes use of a wide range of methodologies so that the company leaders can identify the right process areas which need to be boosted. There is also something called Business Process Reengineering or BPR, which, rethinks, analyses and then redesigns the business processes. There is also process intelligence or PI, which offers real-time monitoring to detect where the interruptions are occurring.
What are the key BPM tools?
There are two tools that have been identified as key to successful Business Process Management. The first such tool is the graphical representation, which is better known as BPMN or Business Process Modeling Notation. This tool rightly models the steps of a well-planned business process from end to end. This helps to identify the potential improvements very minutely. The second tool is WS-BPEL or Web Services Business Process Execution Language, in which the standard programming language enables the creation of business processes and defines it as web services.
Business Process Management has evolved extensively over the years from those days when programmers applied it when it comes to automating workflows seamlessly. Today, it has progressed immensely to become an essential tool for all business users. Be it powerful integration capabilities or effective optimisation prowess, BPM can help and maintain business processes to drive continual improvement for organisations globally.