March 3, 2008
6 Cost-Effective Reasons to Conduct an IOVC Strategy and Technology BPI Assessment
Do you often wonder if you have what it takes to profit from a Business Process Improvement Assessment? You know you have a business, you have people and therefore you have a process. Whether you have a small business or a large business it doesn’t matter, you absolutely have a business process. These processes will evolve and change regardless of your business size. In order to determine a proper business improvement strategy, you must first understand the needs of your business. This is done via an IOVC Strategy and Technology business process assessment.The rewards of conducting a business process improvement assessment are not always readily apparent when you are mired in the day to day business operation; however the benefits can be tremendous.
In order to experience these benefits, you need to conduct a business process improvement assessment program. The following is a high level descriptive overview of the process.
1. Build a Picture of your Current Environment - Start by documenting your existing business process by creating end to end process maps.
2.Identify Value – review a process horizontally across your business, and then identify which steps in your process add value. Uncover Detractors -
3. Next identify which steps detract from the efficiency of the process. Eliminate Money Losers – remove the negative processes and detractors from success.
4. Finding Money in Your Existing Process - Identify the value add processes tat enhance and money can be made off of them.
5. Prepare for Deployment – Review your final solution, understand your implementation needs.Then put in place what is required to deploy the solution.
6. Rollout the Solution - During deployment you understand and discuss what to do when the identified solution conflicts with business policy or a current external process.
These issues you resolve as you rollout the new business process.
Finally the solution becomes fully operational - you start enjoying a profitable environment.
Business Process Management - You use and monitor the new or adapted process to ensure it stays operationally efficient.
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