BPM stands for business process management. Every business has certain processes in place which govern its operations. These processes assist businesses in reaching their goals and achieving success. However, business processes always have room for optimization, or better control, in order to improve efficiencies or reach specific goals. This is where BPM comes in.
Often times, BPM involves software which is used to automate business processes and create efficiencies. However, BPM is a generally broad term which can also describe the analyzation, or definition, of business processes. Below, we list some reasons why BPM is important.
In terms of why BPM is important, the list goes on. Anyone who is in charge of ensuring the overall success of a business should be well-informed on its processes and how best to manage them. It is extremely valuable to map out business processes and uncover ways to make them more efficient, such as by automating them. If you are seeking help with BPM, I recommend speaking to an experienced business process consultant.