The words “business process reengineering” still leaves a negative impression for many in the business world. Years ago companies rushed to reengineer their processes to
improve quality and efficiency. However, the end result was less than desirable
– new processes were layered on top of existing processes resulting in more
work with fewer people. Costs were temporarily lowered benefiting investors.
However, other stakeholders in the process, such as employees, were victimized
by reengineering.
A collection of best practice articles to help grow companies with an emphasis on finance. The goal of the blog is to explain how these best practices work, enabling anyone to put these ideas to immediate use. Articles are written by Matt H. Evans, CPA, CMA, CFM
Showing posts with label Process Management. Show all posts
Showing posts with label Process Management. Show all posts
Friday, February 5, 2016
Thursday, January 28, 2016
Focus on the Process - Part 1 of 2
All
businesses require processes for the creation of products and services. A
process is a collection of activities that consumes resources and adds value to
the consumer (in the form of products / services) with some form of benefit
paid to the producer. Additionally, all processes have variation – in business
we call this risk. As H. Edward Deming, pioneer in the field of quality
management, points out – If you can better understand variation in a process,
you can plan for it and do things to prevent it.
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