Business Process Improvement (BPI), while it doesn’t really have a universally-accepted definition, can be seen as the analysis, review, and improvement of existing business processes. This is done by mapping out the business process, identifying inefficiencies, redesigning the process & benchmarking to initial metrics.
BPI is crucial for today’s businesses as they face rapidly evolving landscapes including regulatory changes, adoptions of IRS sophisticated approaches, and ongoing advances in technology. The best solution is not a one-fits-all. Businesses have varying operating models, priorities, and corporate cultures and finding the right solution is a support service that we will provide to clients.
Typically, the main goal of BPI is either, or all 3, of the following:
Goal #1: Reducing Process Time – Finding ways of carrying out the process faster or more efficiently. There are a lot of different ways this could be done, from eliminating unnecessary steps to adopting new technology.
Goal #2: Improving Output Quality – Creating a better product with the same input of resources. This usually means finding steps within the process that negatively influence the end product, resulting in defects and errors.
Goal #3: Cutting Out Waste – Discovering wasteful processes & cutting them out of the workflow. This may either help achieve the first 2 goals or simply just improve overall productivity. If your team doesn’t have to do unneeded work, they can spend more time on the work that creates value for the company.
We assist companies in the identification of unique approaches when assessing their operational effectiveness. This allows us to identify opportunities that offer enhanced strategic insight and operational efficiencies, all necessary when developing an incremental path to improvement and success.