Why business process reengineering is important for a business?
Let’s face it – companies must stay competitive to thrive in the industry. As businesses face constantly fluctuating demands and new technology, they must stay relevant by making high-impact decisions that can improve their business processes. Business Process Reengineering (BPR) can be one of those high-impact decisions. Redesigning your company processes all at once may appear to be a large step, but it is also an excellent chance to innovate and deliver value to your consumers.
Any change can be hard, but BPR brings a lot of value too. The right BPR strategy allows you to streamline your operational procedures to improve efficiency, customer service and accountability. By improving how your business handles operations, you can tailor it better to meet its customers’ needs. This will make the company more profitable and allow employees to focus on what matters most – delivering outstanding products and services!
The significance of Business Process Reengineering
Business Process Reengineering (BPR) is a method of redesigning existing business workflows and processes to achieve considerable enhancements in critical aspects of the business, such as performance, quality, cost savings, services, and reliability. BPR affects many major business components, such as the organisation, process technology, culture, and overall strategy.
Business process reengineering is a form of continuous improvement that aims to transform a company from being business-as-usual. BPR is required when a company faces problems such as growing competition or falling market share. IT can help improve productivity, efficiency, and customer satisfaction by optimising business processes and overhauling existing systems. This can also positively impact the business’s viability and advantage against competitors.
Business process reengineering is an excellent approach for businesses looking to adjust their strategy and remain competitive in today’s ever-changing landscape.
Transforming business outcomes: How BPR can help your company
Business process reengineering is a huge undertaking, but the payoff can be significant. BPR can bring advantages such as increased revenue, cost reduction, improved customer service, faster processing time and higher quality products.
Here are some benefits of reengineering your business processes:
Improved understanding of business purpose and operations -
Many organisations cannot describe their business processes. A successful BPR strategy gives companies a firm understanding of the present condition of their business processes. This is important for businesses to streamline their operations and prevent future mistakes.
Simplified business processes -
BPR makes it easier to redirect the focus towards what’s essential. BPR would help a company simplify and streamline operations, eliminating redundant processes that previously impeded business operations. With this, efforts are better aligned with company goals, and employees have a clear course to follow.
Higher efficiencies -
Laying out all the processes clearly, and eliminating redundant operations greatly improve process efficiencies. BPR helps to streamline processes, eliminate bottlenecks, and reduce waste, resulting in a more efficient and productive organisation. This can reduce delays and errors significantly.
Improved customer service -
BPR can help identify and eliminate processes causing delays or dissatisfaction among customers, resulting in better service and increased customer satisfaction.
Enhanced flexibility -
BPR helps to make processes more adaptable and responsive to changing market conditions and customer needs, which can be important for organisations that operate in a rapidly changing environment.
By redesigning and optimising processes, BPR can help to reduce costs and improve the bottom line.
Better use of technology -
BPR can help to identify new ways to use technology to automate and improve processes, which can lead to increased efficiency and cost savings.
BPR allows you to get rid of outdated methods and ideas to make room for new perspectives and creative solutions to operational problems. Additionally, BPR can save time, as redesigning a workflow from scratch may be more efficient when multiple improvements are needed. Furthermore, BPR can help simplify the organisation by identifying and eliminating overly complex or unnecessary processes and workflows. It can help improve the design of workflows and reorganise subsystems.
For organisations on the digital transformation journey, agility is key in responding to a rapidly changing technology and business landscape. Now more than ever, it is crucial to deliver and exceed organisational expectations with a robust digital mindset backed by innovation. Enabling businesses to sense, learn, respond, and evolve like living organisms will be imperative for business excellence. A comprehensive yet modular suite of services is doing precisely that. Equipping organisations with intuitive decision-making automatically at scale, actionable insights based on real-time solutions, anytime/anywhere experience, and in-depth data visibility across functions leading to hyper-productivity, Live Enterprise is building connected organisations that are innovating collaboratively for the future.
How can Infosys BPM help?
Our Business Process Reengineering services help companies improve the strategy and efficiency of their operations. We use our tried-and-true practitioner-led methodology combined with toolkits, frameworks, and digital capabilities to perform value assessment and operational diagnostics.