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Business Process Management

 

Does BPM help in cost cutting?

Created by : Raji S, Business Analyst, SAP  | 12 30 2008 06:14:18 +0000
Industry : IT ProductsFunctional Area : Application Software(Technology)
Activity:  338 views;  last activity : 07 06 2010 20:18:09 +0000
Does BPM help in cost cutting?
  
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As per the statement.. In a fluctuating environment, an agile and quick responding company, stands to gain advantage. Quite logical. The need to question is the validity of a fluctuating environment if this were to be disagreed upon. 
By Bharat , Associate/Senior Associate Infosys Consulting  12 30 2008 07:10:13 +0000
 
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In a constantly fluctuating marketplace, achieving a competitive position is closely linked to an organization's agility and their ability to respond quickly to business opportunities. IT complexity and redundant operational processes lead to unnecessary cost and effort,
By Arun Sarin, Business Analyst, Oracle  12 30 2008 06:32:13 +0000
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Many companies are working to build a culture around process management in order to achieve substantial improvements in operational efficiency and customer service
By Maneesh Jain, Business Analyst, Oracle  | 12 30 2008 06:21:52 +0000
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Best-in-Class organizations drove a weighted average 26% year over year reduction in operating costs by leveraging process management strategies, tactics, and tools
By Raji S, Business Analyst, SAP  | 12 30 2008 06:14:18 +0000
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"Business Process Management" in its strict definition stands for a collective term for applying various tools, making decisions, implementing and monitoring the decisions for managing the Business". As per definition, BPM stands for much bigger term than Cost cutting. As such, Cost cutting is one tool in the hands of BPM. With this view, I feel, it is not right to say BPM is a tool for cost cutting. As concluding this, the question of effective or non-effective does not arise 
By Prakash Saitwal, Technical Support Manager, Aditya Birla Management Corporation P. Ltd.  | 03 07 2009 10:25:28 +0000
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But, the question is, does it help cost cutting? It does since it helps identify unneeded flab and paves the way to make things lean
By Bharat , Associate/Senior Associate Infosys Consulting  | 12 30 2008 07:07:13 +0000
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No not always...
By Mihir Ghosh, Business Analyst, Oracle  | 12 30 2008 06:20:14 +0000
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