Business Process Workflow Management Business Essay

Business Process Workflow Management Business Essay Business process management is important for both existing and new businesses. BPM is also known as Business Process Reengineering. It is a set of inter-related tasks that help companies maximize their present business processes and cope with future operational and organizational changes. An efficient business process saves and makes money for an organization. Workflow, in its very basic sense, is an implementation of the answers to the questions that arise in a business process. Workflow answers the questions, who? What? And When? in a business process. It is the movement of documents or tasks through a work process. Business process workflow management is an essential element in organizing a variety of business tasks and processes so that the business can be benefited as a whole. Workflow management systems range from the basic activities of a business to thousands of complex features. Workflow management helps business managers perform a lot of varying functions depending on the needs of the organization. Different businesses have different workflow management needs to perform varied functions for them. Some businesses need workflow management for organizing data available on the net; some need them for managing various business transactions whereas some need them for organizing and segregating all the documents of an enterprise. Workflow management is helpful to all kinds of business irrespective of their size. It helps them define and spot various processes that will help increase efficiency in the long run. Business process workflow management helps to define, create, execute and manage various processes within the organization itself and enhance business-to-business transactions to maximize productivity. It facilitates changes in the enterprise that are needed for its betterment and maximization of output and profits in the minimum time possible. It also helps an organization in spotting existing inefficiencies by keeping a constant check on their emplo yees’ productivity. BUSINESS PROCESS MANAGEMENT JOURNALS Business process management is implemented to improve the effectiveness and efficiency of an enterprise by automating its business processes. The key factor involved in choosing a BPM solution is to choose one that will fit the organization in all situations, as conditions governing a business tend to change with fluctuations in market conditions. It is not feasible for an organization to change its BPM as and when situations change. Business re-engineering can mean serious trouble especially when applied by people who do not understand it. There are examples of thousands of organizations that were running into losses but subsequently, achieved remarkable profits due to well-managed BPM projects. The key to the success of these companies lay in applying BPM to their key business processes. Business process management journals play a key role in making businessmen aware of the prevailing business conditions and how to ad apt to these changes by applying the right re-engineering and process change projects. BPM journals are the premium channel for beginners, practitioners and researchers to acquire leading edge information related to current developments in BPM concepts, practices, tools and technologies. It is a helping aid for students studying BPM related areas and consultants who assist organizations in managing processes. They also provide useful articles that focus on quality and relevance.