Business Process Management

What Does Business Process Management Mean?

Business process management (BPM) is a concept that focuses on aligning all organizational elements to improve operational performance. The BPM strategy is categorized with holistic management approaches, which are used to develop better business efficiency while channeling organizations toward more creative, flexible, and technologically integrated systems.

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The Market’s Top Process Management Software

These are the best tools for businesses looking to affordably and easily streamline their process management, make informed data-based decisions, automate manual processes that waste time, and better utilize available resources:

 

Techopedia Explains Business Process Management

BPM focuses on continuous process improvement. The goal is to achieve higher customer satisfaction, product quality, delivery, and time-to-market (TTM) speed. In theory, BPM allows organizations to be more efficient and effective with greater performance and development than those that follow functionally oriented, conventional, and hierarchical management processes.

Business processes, which are sets of activities performed to achieve corporate and business goals, are vital to any organization because they lead to profit development and growth. As a managerial strategy, BPM prioritizes business processes as critical organizational assets that must be recognized, managed, and developed to deliver value-added products and services to customers.

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Margaret Rouse

Margaret is an award-winning technical writer and teacher known for her ability to explain complex technical subjects to a non-technical business audience. Over the past twenty years, her IT definitions have been published by Que in an encyclopedia of technology terms and cited in articles by the New York Times, Time Magazine, USA Today, ZDNet, PC Magazine, and Discovery Magazine. She joined Techopedia in 2011. Margaret's idea of a fun day is helping IT and business professionals learn to speak each other’s highly specialized languages.