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Business Process Management: Organizations
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The Business Process Management (BPM) industry is flourishing! Meta says the market grew 20 percent in 2004, up from $1.1 billion in 2003. Conferences on BPM abound, new BPM publications appear frequently, business consultants widely proclaim BPM's merits, and organizations are creating sustainable competitive advantage by managing their processes rigorously—and creatively.
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Business process management has its origins in total quality management and business process reengineering. While it adds to these a technological framework, it is more than just the combination of these disciplines. BPM is an IT enabled management discipline that promotes organizational agility and supports the efforts of people to drive process change and rapid innovation. As such, BPM supports the alignment of IT and business activities both within the organization and with business partners and suppliers.
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Business Process Management is a methodology of modeling business activities as discreet functions within the organizational hierarchy of your company. Any sequence of activities that must be accomplished to achieve a well-defined business goal can be seen as constitutive of a business process. By breaking down company activities into processes, you gain insight into the as-is state of your company. This grants your managers and key decision makers the clarity to make effective choices on how to develop business strategies towards standardization and efficiency.
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Ultimus, the leading provider of complete workflow automation and business process management (BPM) solutions, today announced that it has appointed Jeff Smith to the position of Chief Process Officer (CPO). In his new role at Ultimus, Smith will be the first CPO from a BPM vendor who will be available to consult with customers as he accelerates his company's own use of BPM. Smith will work with company executives and employees to identify and automate key business processes using the company's Ultimus Workflow Suite. Today, Ultimus helps more than one thousand customers worldwide leverage BPM technology to increase profitability through increased efficiency, while at the same time it applies the same practices internally. Chief Process Officer (CPO) is a relatively new position that is assuming important responsibilities in highly competitive companies. Organizations are realizing that the productivity gains they can see through more traditional efforts cannot match the gains they can make through the automation of internal and external processes that are possible through BPM.
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Business process management (BPM) is the automation and coordination of the countless assets and tasks that make up your business processes. These assets and tasks can be internal or external to organizations. Effective BPM requires the coordination of people and information technology assets both inside your business and in your network of customers and partners.
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Process management is a management methodology that emphasizes speed, flexibility and agility. When moving to process management, workflows are optimized so that they produce maximum value. "To retain or increase their competitive advantage, organizations must continuously search for more cost effective means with which to conduct their operations, while simultaneously meeting and exceeding client expectations," says Matti Kanninen. The appropriate use of specialized software applications, like QPR BPM Suite, enables new and innovative ways of running one's business.
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