Scribd
Upload
32 views2 pages

8.business Process Improvement

Business process improvement is a method where a firm identifies critical success factors, studies best practices of competitors to achieve those factors, and implements improvements to match or beat competitor performance. It is an incremental method, while business process reengineering is more radical and involves reorganizing operations and management functions, sometimes eliminating positions. Total quality management develops policies and practices to exceed customer expectations, and uses cost management to analyze design choices and measure quality aspects. Lean accounting uses value streams to measure financial benefits of lean manufacturing by placing products into value streams. The theory of constraints helps identify and eliminate bottlenecks where partially completed products accumulate waiting to be processed, to improve conversion of raw materials to finished products. Enterprise sustainability means balancing short and long term social,

Uploaded by

Mohamed El Naggar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
32 views2 pages

8.business Process Improvement

Business process improvement is a method where a firm identifies critical success factors, studies best practices of competitors to achieve those factors, and implements improvements to match or beat competitor performance. It is an incremental method, while business process reengineering is more radical and involves reorganizing operations and management functions, sometimes eliminating positions. Total quality management develops policies and practices to exceed customer expectations, and uses cost management to analyze design choices and measure quality aspects. Lean accounting uses value streams to measure financial benefits of lean manufacturing by placing products into value streams. The theory of constraints helps identify and eliminate bottlenecks where partially completed products accumulate waiting to be processed, to improve conversion of raw materials to finished products. Enterprise sustainability means balancing short and long term social,

Uploaded by

Mohamed El Naggar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

Is a process by which a firm identifies its critical success factors, studies the best

practices of other firms ( or other business units within the firm ) for achieving these
critical success factors, and then implements improvements in the firms processes to
match or beat the performance of those competitors.

8.Business Process Improvement


* Is a management method by which managers and workers commit to a program of
continuous improvement in quality and other critical success factors.
* While BPI is an incremental method, Business Process Reengineering (BPR) is
more radical.
* BPR is a method for creating competitive advantage in which a firm reorganizes its
operating and management functions, often with the result that positions are
modified, combined, or eliminated.

9. Total Quality Management ( TQM )


* Is a technique by which management develops policies and practices to ensure that
the firms products and services exceed customers expectations.
* Cost management is used to analyze the cost consequences of different design
choices for TQM and to measure and report the many aspects of quality.

10. Lean Accounting


* uses value streams to measure the financial benefits of a firms progress in
implementing lean manufacturing.
* Lean accounting places the firms products and services into value streams, each of
which is a group of related products or services.

11. The Theory of Constraints ( TOC )


* Is used to help firms effectively improve the rate at which raw materials are
converted to finished products.
* The TOC helps identify and eliminate bottlenecks which places where partially
completed products tend to accumulate as they wait to be processed in the
production process.

12. Enterprise Sustainability


* Means the balancing of the companys short- and long-term goals in all three
dimensions of performance which are : social, environmental, and financial.
* We view it in the broad sense to include identifying and implementing ways to
reduce cost and increase revenue as well as to maintain compliance with social and
environmental regulations and expectations.

13. Enterprise Risk Management


Is a framework and process that firms use to manage the risks that could negatively
or positively affect the companys competitiveness and success. Risk is considered to
include ( Hazards, financial risk, operating risk and strategic risk ).

You might also like