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Business Process Management: Business Process Management Initiative
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- Established in August 2000, the Business Process Management Initiative (BPMI) is a non-profit organization that exists to promote the standardization of common business processes, as a means of furthering e-business and B2B development. BPMI was founded by a group of 16 e-business industry leaders: Aventail, Black Pearl, Blaze Software, Bowstreet, Cap Gemini Ernst & Young, Computer Sciences Corporation, Cyclone Commerce, DataChannel, Entricom, Intalio, Ontology.Org, S1 Corporation, Versata, VerticalNet, Verve, and XMLFund. Since its inception, the group has grown to include more than 80 companies. BPMI's stated mission is "to promote and develop the use of Business Process Management (BPM) through the establishment of standards for process design, deployment, execution, maintenance, and optimization." By so doing, BPMI intends to make it much easier for enterprises to interact and to further develop the global marketplace. Currently, e-business reflects the idiosyncratic ways that business processes work within an organization.
In June of 2005, the Business Process Management Initiative (BPMI.org) and the Object Management Group™ (OMG™) announced the merger of their Business Process Management (BPM) activities to provide thought leadership and industry standards for this vital and growing industry. The combined group has named itself the Business Modeling & Integration (BMI) Domain Task Force (DTF).
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The top reason for implementing a business performance management (BPM) solution is to improve decision making in the organization, according to Business Performance Management, a new report released today by META Group, Inc. (Nasdaq: METG). Gaining efficiency in the financial planning/reporting process and enhancing allocation of company resources rounded out the top three reasons most cited by respondents. "The increased interest in BPM is primarily due to the rapidly changing economy and new public accounting regulations intended to provide greater transparency and visibility. These regulations have put tremendous pressure on organizations to provide better visibility and accountability in enterprise financial results," says John Van Decker, META Group vice president, Technology Research Services. "BPM initiatives typically begin with a desire to move from Excel in an attempt to support a more centralized, dynamic, and active planning process within an organization. They often expand to cover reporting and metrics management and, when applicable, financial consolidations."
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Business Process Management is a critical component of enabling promoting innovation in supplier and customer relationships. Epicor Service Connect is a Web services-based business integration tool that supports internal and external connectivity to Epicor solutions and external applications. Service Connect improves order-to-delivery performance by creating orchestrations for routing processes to automated tasks, such as order-submit direct-to-pick for specific inventory items. Lean, another powerful, innovation-enabling concept is ... being leveraged by Epicor in product development. By enabling solution users to automate tasks and processes within the application, Service Connect helps to promote lean principles, continuous performance initiatives and Six Sigma quality.
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According to Professor Dr. Jacques Vandenbulcke, with Leuven's Department of Decision Sciences and Information Management and Chairman of SAI "as more organizations implement business analytics and business process management initiatives, we're beginning to see them converge as information overlaps. The goal of this workshop is to educate users on this convergence and provide them with tools and techniques that will help them to discover and improve the value of their organization's processes."
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Enterprises seeking a greater competitive edge have frequently sought help from business process management software. These applications are intended to provide tools to assist with business process improvement – initiatives designed to significantly improve enterprise performance by radically reengineering operations and focusing on improving outcomes instead of routines. A variety of management software solutions are available to the enterprise but few offer the promise of the service-oriented architecture (SOA). In an SOA, applications new and old that otherwise may not be able to communicate with each other are reconfigured into modular services and made broadly available to users throughout the enterprise. By instituting this standards-based environment, enterprises can combine and reuse applications to refine existing business processes and create new ones. For the business management tools that support an SOA environment, industry leaders worldwide are turning to Progress Software.
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Business Process Management Initiative