Business process management (noun) is the practice of designing, executing, controlling, and analyzing processes within an organization. Consider the example of a manufacturing company that streamlines its product assembly process to increase efficiency and reduce production time.
Business process management plays a crucial role in optimizing operations, improving productivity, and enhancing customer satisfaction. Its benefits include increased efficiency, reduced costs, improved compliance, and enhanced decision-making capabilities. A key historical development in business process management was the introduction of workflow automation tools in the late 1990s, which paved the way for more efficient and automated process execution.
Originally posted 2024-02-09 06:48:22.