Business Process Management Tools

Global online B2B marketplace : http://www.bytrade.com

 

Business Process Management focuses on improving the agility and operational performance of an organization through the control of business processes.

 

Spreadsheet Modeling

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  Using even a basic spreadsheet, you can model the effect of changing different input factors, such as costs of raw materials, or projected sales in a given quarter, to gain insight into how outcome opportunities could be maximized. Most often, the key outcome opportunity businesses are keen to maximize is profit. Knowing, for example, that purchasing stainless steel flanges from another supplier could boost profit by several percentage points gives your company useful strategy options.

  
  

  
  
  
  

Open Solution

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  More sophisticated, open solution software packages allow more complex management of business processes. One allows you to physically draw diagrammatic representations of workflow processes, as if on a whiteboard, using drag and drop options, drop-down lists, radio buttons and text boxes. You can try different process options to discover which are more effective. The business process you design can then be converted into a real, interactive application used by colleagues, with the promise of improved organizational efficiency

  
  

  
  
  
  

SIPOC and Six Sigma

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  According to noted business analyst David Rasmusson, SIPOC stands for Suppliers, Inputs, Process, Outputs and Customers. You can use the SIPOC model to structure a business process into what is termed a high-level approach, in preparation for undertaking a Six Sigma project. The business management strategy Six Sigma seeks to remove errors and variability from processes. Using this business process management tool, you can aim for successful business outcomes and have a high degree of confidence they will be achieved.

  
  

  
  
  
  

SWOT

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  You use a SWOT analysis to evaluate the Strengths, Weaknesses, Opportunities, and Threats inherent in a project or business venture. The basic idea of the technique, credited to Stanford University's Albert Humphrey and others, is that having intelligence about potential pitfalls, your company is better prepared to avoid them. According to Kathleen B. Hass, an expert in project management, a SWOT analysis can be a great business process management tool, as it can generate useful financial profiles, quality assurance reports and business policy documentation.

  
  

  
  
  
  

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