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Process management is the ensemble of activities of planning and monitoring the performance of a process, especially in the sense of business process, often confused with reengineering. Product breakdown structure (PBS) in project management is an exhaustive, hierarchical tree structure of components that make up an item, arranged in whole-part ...
Lean thinking was born out of studying the rise of Toyota Motor Company from a bankrupt Japanese automaker in the early 1950s to today's dominant global player. [4] At every stage of its expansion, Toyota remained a puzzle by capturing new markets with products deemed relatively unattractive and with systematically lower costs while not following any of the usual management dictates.
Business process, activities that produce a specific service or product for customers; Business process modeling, activity of representing processes of an enterprise in order to deliver improvements; Manufacturing process management, a collection of technologies and methods used to define how products are to be manufactured.
The concept of business processes – interrelated activities aiming at creating a value added output to a customer – is the basic underlying idea of BPR. These processes are characterized by a number of attributes: Process ownership, customer focus, value adding, and cross-functionality. [citation needed]
Each stage builds on the previous stages; that is, a stage 4 organization completes activities in all four categories. [12] Later McKinsey research undertaken and published in 2006 found that, although many companies had a formal strategic-planning process, the process was not being used for their "most important decisions". [13]
Activities and processes—projects, programs, systems; Past experiences—reputation, knowledge; External factors may include: [9] Future trends in the organization's field or society at large (e.g. macroeconomics, technological change) The economy—local, national, or international; Funding sources—investors, foundations, donors, legislatures
The Workflow Management Coalition, [6] BPM.com [7] and several other sources [8] use the following definition: Business process management (BPM) is a discipline involving any combination of modeling, automation, execution, control, measurement and optimization of business activity flows, in support of enterprise goals, spanning systems, employees, customers and partners within and beyond the ...
A business process, business method, or business function is a collection of related, structured activities or tasks performed by people or equipment in which a specific sequence produces a service or product (that serves a particular business goal) for a particular customer or customers. Business processes occur at all organizational levels ...