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Business Process Optimization

Tags : business process optimization, business information technology, business process consulting,
Industry : IT Services
Functional Area : Business Processes
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About "Business Process Optimization" topic:

For years organizations have used various tools and business intelligence techniques to analyze data about completed business processes and the effectiveness of their transactions. While these approaches have gradually improved from using data that is days and weeks old, to near-real-time information, the fact remains that managers are still analyzing business results in retrospect. We will be discussin on how to combine business activity monitoring and analysis capabilities with business process management which translates into business optimization: organizations are able to transcend reactive tactics and engage strategic, analytical and proactive management.

1 trends , 6 insight , 7 debates , 2 idea contests , 1 question on topic: "Business Process Optimization"
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Originally presented at  Reliability 2.0 by Henry Ellmann Reliability started with Physical Assets, and now spreads into all business endeavours some decades ago in the Maintenance environment. Lately it is being realized that expanding the Reliability concept into other –or all– business areas, major benefits can be achieved. Half a century ago, when Quality issues were introduced, (Juran, Demming) at first “quality” was thought of as the “quality of a product”. Soon the “quality” concept grew into “total quality”, when it was realized that to achieve product or service quality, everything in the organization has to respond to the “quality concept”. Now a similar situation arises with the ...
By : Nitin M Aras
taranath joshi  |  Commented  |  3 years ago
Good article. A theoritical approach with a good mixture of TQM (Total Quality Management) concept, RCM (Resource Conservation Management) and of course Reliability. The reliability is always analysed on the basis of the criticality, be it a...
Devi Kaladeen  |  Commented  |  4 years ago
Thanks for the referral. Reliabilty is an aspect of quality. Anyway I like the example above.
varsha  |  Commented  |  4 years ago
Although the terms reliability and quality are often used interchangeably, there is a difference between these two disciplines. While reliability is concerned with the performance of a product over its entire lifetime, quality control is concerned...
 
 
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Yes 
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 No
By : Akinori Koyama
Akinori Koyama  |  Argues in support of  "Yes"  |  1 year ago
I have a robust ability in researching, conceiving, and developing winning business plans. As a chapter of the business plan in sight, I also develop thorough Sales and Marketing Plans accordingly. In addition to strategic management, I have...
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Yes 
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 No
By : Chandra shekhar
George Varghese  |  Argues in support of  "No"  |  2 years ago
Obama's visit has opened many field of co-operation and openings. We should wisely utilize the presence. 
SHRIKANT MANOHAR DANKE  |  Argues in support of  "No"  |  2 years ago
Why it should affect in India?
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Yes, Software or consulting indulge in such will be helpful  
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 No it's easy
By : Abhishek Nag
Sujatha srivastava  |  Argues in support of  "Yes, Software or consulting indulge in such will be helpful "  |  2 years ago
Yes nowadays the businesses are going more broader, which makes it difficult to maintain and track. So we need to take the support of softwares or other consultants who are specialized in this. This will help to develop and grow the business in a...
M.B.MALANI  |  Argues in support of  "Yes, Software or consulting indulge in such will be helpful "  |  2 years ago
Technology changing every day so it is difficult to update all and high level technology is there so difficult to maintain because it require skill workers.
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Debate: "Is maintaining and updating business process difficult for industries?" deleted from your view.
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Simple idea on a language is not enough. 
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 No
By : Er. Ratnajit Chakma
Er. Ratnajit Chakma  |  Argues in support of  "Simple idea on a language is not enough."  |  2 years ago
Deeply Knowledge is very important in development sectors of technologies.
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Unskilled management may learn to gain expertise over time. 
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 Skilled persons given the respective field of operation.
By : Akbar Namazi
Rajendran Mariagnanam Mariagnanam  |  Argues in support of  "Unskilled management may learn to gain expertise over time."  |  2 years ago
If families are intact along with business then business will be intact. Self-centered families will be a bane on family business
SHRIKANT MANOHAR DANKE  |  Argues in support of  "Skilled persons given the respective field of operation."  |  2 years ago
Yes, skilled persons should gave first preference.
Sheetal Jadhav  |  Argues in support of  "Skilled persons given the respective field of operation."  |  2 years ago
According to your description given, if a family is starting business where they have no prior experience then its a bane, just because they think they all have invested in it they should also be part of the business.  Getting skilled people to...
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User Friendly 
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 Developer Friendly
By : Vidya Charan .B
Leena Pawar  |  Argues in support of  "User Friendly"  |  3 years ago
Hi Vidya, I think a web designer should develop their design by keeping the user in mind. Because they are the one who are gong to use it. So it would be better if you develop something that is user friendly. Thanks :) 
Adarsh V Peter  |  Argues in support of  "User Friendly"  |  3 years ago
Designing for the web means designing sympathetically with the way people actually use the web, not how we think they should. You should be able to look at the home page of any site and figure out what the site is about within four seconds. If...
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Is it beter to go for Interface 
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 Abstract class
By : Ramesh Tankala
Jigar Dinesh Mehta  |  Argues in support of  "Is it beter to go for Interface"  |  3 years ago
When you are designing an entity which can have more than one implementation, the goal is to concentrate on behaviour.So When you have a common implementation, use abstract classes, with which you can enforce an implementation hierarchy and avoid...
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Lets Analyze our Business Unit   Business Management is a challenge in today’s corporate world; a number of business units are going down and other are fighting for survival. Reason is lack of environmental scanning and knowledge about organizational competency. Today’s era, business units are more focused on short term goals and immediate process. 1. Vision All great organizations are vision oriented. The leader should be visionary, the captain of the ship, the man who used to drive the organization. Vision directs the organization and point out exact destination point but vision should be practical. It’s always suggested by management philosophers; Visionary should be a neutral one who lo...
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Situation: You have just been promoted as a Project Manager. Your job is to ensure that you enable your project to run successfully without you. You have been given freedom to make systemic and proce...
By : Vijay Bhaskar  | New post
 
 
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It is relatively easy to identify the use count and resource usage of your SP’s, but first let me discuss how SQL Server maintains the execution statistics. The SQL Server engine keeps execution statistics for each SQL Server 2005 instance. Execution Statistics are an accumulation of execution information about what has been run since the instances has started. Each time an instance is stopped and restarted all execution statistics are reset. Individual execution statistics for an object are tied to cached execution plans. When a SP is compiled, an execution plan is cached in memory. These cached execution plans are uniquely identified by a plan_handle. Since memory is limited, SQL Server from time to time will remove execution plans from memory, if the cached plan is not being actively used. Therefore the statistics stored for a particular SP maybe for an accumulation of stats since SQL Server started, if the SP has only be compiled once. Or, it may only have statistics for the...
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Nicholas Carr's article "IT Doesn't Matter" (Harvard Business Review, May 2003) challenges the value proposition for IT. He argues that as companies become more dependent on IT for their day-to-day operations, so the emphasis switches to managing availability, reliability and security. As such, businesses should manage IT as a commodity. Do you subscribe to the Carr view? Do you align IT with the business in a purely supportive role? But innovations within IT continue to create possibilities and options for businesses that did not exist before. But where IT engages the business, pro actively and as an equal, companies will be able to continue to deliver strategic advantage through IT. The following will be useful in assessing the level of business engagement: - to whom does the IT function report in your business? For example, the Board (where the CIO/IT director is a Board member), the CEO (who has a business development focus), the COO (who has a business operations focus) or the...
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Many companies are turning to a new kind of enterprise resource planning software. This new model is much more affordable, provides faster return on investment, is easier to implement across an enterprise, provides superior connectivity and is highly configurable. Browser-based, open-source ERP applications hold many advantages over the traditional legacy based software systems of the past. They are easier to modify and customize, for one. This ease of configurability opens up the door to agility - changing the software system to take advantage of new opportunities or changes in the market for optimal positioning. The software can change as quickly as the company can. This new type of ERP is not "open source" in the usual sense of the term. The meaning of open source for this type of application is that the source code is modifiable, but not available to the general public. It is modifiable by the provider or the individual buyer. This is advantageous to buyers with IT resources...
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Most IT project evaluations are like the tail wagging the dog. They begin with IT strategy, rather than the goals of the business. In fact, IT strategy should be the third link in a chain that begins with business strategy, which in turn governs the product or service strategy, which then drives IT strategy. Lets understand this with a mid size CRM company Business strategy: Increase the customer base by 20 percent in the next year by providing increased functionality such as business operations analytics and executive dashboards. Product strategy: Develop an alliance with a business intelligence (BI) software company to add analytical capabilities to the CRM software. IT strategy: Create a new software platform that allows for easy integration with the BI software company and others. IT projects: Develop a Web services–based platform that offers universal data exchange and messaging between the CRM software and the BI software.   While this hierarchy reveals whether IT projects...
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Free Style Marketing How many times have you been to a business conference that guided the world to sell things for free? Well, if you never heard about one, then you need to know about Nokia World 2007 Conference where Chris Anderson, Editor in Chief talks to the world referring to this. The campaign broke all the traditional rules of selling a service product. As per Chris, the new way to sell today has changed focus from the actual product to the complementary product or supporting product that could enhance the selling of original product. Chris talks about the new selling concept of 0 + 2 = 2 in contrary to the old concept of 1+1 = 2. Now, what the hell does he mean by this Maths..? Consider Company A that sells both - the products and the services on the same products. As per the traditional earning model Company A earned Rs 1 revenue from selling the product and Rs 1 revenue from the services on the product. The modern way of selling sacrifices the revenue on product to earn...
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