Business Process Management
Core ConceptsDefinition
Business Process Management (BPM) is a systematic approach to improving an organization's business processes.
Detailed Description
Business Process Management (BPM) involves analyzing, improving, and automating business processes to increase efficiency and achieve organizational goals. BPM often includes identifying operational inefficiencies, modeling new processes, implementing process changes, and continuously monitoring and optimizing the outcomes. In the context of ERP, BPM helps integrate and streamline processes across various departments, facilitating better coordination and information flow.
Key Features
- Integration with ERP Systems
- Performance Monitoring
- Process Modeling
- Process Optimization
- Workflow Automation
Common Modules
Process Analytics
Provides tools for monitoring and analyzing process performance.
Workflow Management
Facilitates the design, execution, and automation of business workflows.
Popular Implementations
Implementation in Financial Services
BPM implemented in financial services to streamline loan processing and improve customer service.
Manufacturing Process Optimization
Using BPM to enhance production scheduling and reduce waste in manufacturing processes.