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Companies must always strive to streamline their processes to create the most effective methods possible. Business process reengineering is the practice of identifying, analyzing and revising existing procedures in order to improve their efficiency. Many companies rely on reengineering when looking to cut costs or maximize revenues.
Many entrepreneurs struggle with identifying those processes in need of redesign. Companies regularly engage in process audits to determine where productivity falters and help locate potential areas of improvement. Benchmarks such as manufacturing or sales numbers may help pinpoint ineffective processes.
Analysis begins once the faulty processes are identified. This procedure requires evaluating the entire procedure, from initiation to completion, and identifying the areas where changes may be beneficial. Nothing should be changed during this step. Analysis is an information gathering area.
The revision step is where actions are determined and implemented. During revision, company leads and managers of affected areas come together to determine which changes will result in the desired outcomes. Once a plan is completed, it should be implemented immediately and reviewed at specific times to ensure the desired results appear.
Business processes constantly change with the advent of new technology and industry practices. Business.com remains a great source for the latest information on business process reengineering and other developmental resources for entrepreneurs.