BPM Business Process Management
Business process management (BPM) refers to the art of designing, executing, and analyzing business processes. The event-driven process chain (EPC), or the Business Process Model and Notation can be used to visually represent the company’s processes. This is a foundation for professional business process management. The BPMN 2.0 uniform modeling language is widely used for business process modeling. The key question is “Who does what, when, and with which tools?” BPM makes it easy to answer the central question, “Who does what, when, and with which tools?” This includes employees, systems, customers, suppliers, partners, and customers. BPM allows for the definition of all processes and transparency can be achieved. This concept aims to make use of all information within a company and align it with business goals. Only those who understand their processes from start to finish and how they function can optimize them and adapt them to customer requirements, thereby achieving their business goals faster and more efficiently. Business process management is not a one-off project. It should be considered a continuous process of process improvement.
Why is BPM so important for business success
Every company is built on its own business processes. These processes must be optimally run so companies can achieve their goals and stand out from their competition in the long term. Business Process Management (BPM) is the foundation for digital transformation. Companies can continuously review their processes and structures, identify new business opportunities, and use the information to align their offerings to customers’ needs. They can achieve total transparency in all operations, improve the flow of processes, and increase their flexibility via automation. This enhanced understanding, continuous optimization, and automation of processes reduce errors and wastes time significantly reduces wasted time. With a BPM system, new challenges and market trends can be managed in a structured way and made into business models. Business Process Management is the foundation of higher productivity and efficiency within the company. It is therefore essential to stay ahead of the market and be successful over the long term.
The BPM Lifecycle
A control loop is a key component of process management that can represent the various BPM activities. This provides an overview of the process landscape and identifies potential optimization opportunities. The individual phases of BPM are iterative because companies constantly adjust their business processes and goals to optimize them.