Business Process Management

Satisfactory Essays
BPM Strategy:
Every company has daily processes, but the better ones really utilize them. Business process management is to keep processes doing what they are promising and be proficient. It is not easy for companies to find out beneficial and critical practices in each particular case. Often critical practices like strategic alliance, employee training and information systems are neglected by companies due to lack of visibility from external and internal perspective. An organization that does not leverage automation and standardization as a key part of business ultimately ceases to exist. So business process management (BPM) is vital to keep companies in business. It gives companies an extra edge in today’s competitive market.
Business process management as a multidimensional tool utilizes various efficient techniques to investigate process from holistic approach transcends narrow ranges of specific functions. It redesigns and rechecks principle activities to achieve extreme advancement in cost, service and speed current performance (Davenport, 1993).
With several techniques and minimum resource utilization, BPM maximises the company profitability and productivity. BPM ensures success by focusing on balance between system process and information flows in short term as well as long term.
From the external view, Platinum Concept Pty Ltd is a medium sized company with differentiation strategy. BPM delivers the capability to understand, systematize and enhance the business processes. Hence, controlling and managing the business process for Platinum Concept Pty Ltd which is very important.
BPM can profit Platinum Concept Pty Ltd in the following ways:
- Being in the luxury market, the current business process must be modernized and ...

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... is willing to pay for” (Harmon, P 2007).
Platinum Concept Pty needs to familiarise and focus on the new systems that can incorporate all the divisions. BPM has to play a significant role in shaping how the process has to be changed.
In an opinion poll, according to Kar (2012) led on behalf of SAP AG among 150 business executives proposed that minor and major companies are implementing Enterprise Systems rapidly than their competitors. More than half of the respondents acknowledged improved sales, lesser IT expenses, upgraded business dexterity and advanced customer retaining as the main outcomes of implementing an Enterprise System into an organisation. As a result, to achieve competitive gains, the company must integrate an incorporated Enterprise System (ES) and restructure its processes which can deliver value-added service and deal flexibly with its customer.
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