Business process management as applied in industry
BPM is typically used in industries where the following is true:
- The business process is distributed and spans across multiple applications or software systems
- The process involves complex rules that have to be maintained and updated overtime
- There is a need to continuously improve the business process by monitoring the existing activities
- The business is done by the collaboration of multiple stakeholders
With the above considerations, we can apply BPM to any process-oriented domain, such as healthcare, insurance, point of sales, supply chain management, and banking and financial services. A fully functional BPM system gives a huge advantage in terms of the turnaround time for an organization with ...