For this blog post, read the Interactive Session: Organizations, can Business Process Management Make a Difference? on pages 495-496. In a detailed blog post, answer questions 1-5 on page 496.
1. Large companies are constantly changing business conditions with the numerous relationships with business. BPM helps large companies analyze, redesign, and manage business process. BPM makes it easier to check whether these changes comply with federal regulations and business rules.
2. The businesses are able to use rich graphical models to present their ideas. Along with a new user interface and business rules, BPM also has an engine capable of deploying redesigned processes as well as capabilities for integrating processes.
3. BPM now has an online collaborative contract and chargeback process. This process is responsible for a $10 billion annual cash flow. Businesses now drive the establishment of pricing and terms with all of the company's manufacturers if the company decides to sell at a low price.
4. Businesses will have to adjust to a new way to manage their services. They would also have to suffer the backlash of manufacturers who do not want to change business processes.
5. The companies that would gain the most when using BPM are large companies. This will help them manage their prices.
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