Business
Process Management
Summary:
In the current case study, the business concepts of processing and the ways to increase their efficiency are discussed. The main focus of the article is on the different types of methods which can be used by the management to increase their productivity and the profits of the business. Moreover, the compare and contrast of the three different companies in the article can help the professionals and the readers to increase their knowledge regarding the process management and the relationship between the process management and the organizational structure. Furthermore, the article also explains that how the management can reduce the complexity of the processes in the operations of the business. (Palmberg, 2010)
Key learning points:
The key learning points in the article are the latest techniques of process management such as Just in Time (JIT) and lean production methods. These two production methods are the best methods which can be used to reduce the expenses of the business. Therefore, by using the best processes for the production, the business can generate profits in the competitive markets easily. Another important learning point in the article is that by changing or by implementing new process, the roles and duties of the employees change and the management must inform their employees on their new duties to maximize the efficiency of the process. (Palmberg, 2010)
Relevant statement to the session:
The article provides the introduction of all the major processes and required major process management skills required in the current business environment. The relevant statement to the session is that to implement the processing method which reduces the lead time and the expenses of the organization such as Just in Time (JIT) approach.
Critical thinking:
In the current business environment, the Just in Time (JIT) processing method is the best method for the companies today. The main advantage of using JIT is that it reduces the cost of the production by eliminating the storage costs and idle labor. For example, in the luxury car manufacturing companies, the companies hold no inventory and extra staff. These companies purchase inventory after receiving the orders from their customers to increase the profitability in the competitive advantage. (Palmberg, 2010)
References
Palmberg, K. (2010). Experiences of implementing process management: A multiple-case study.
Business Process Management, 16(1), 93-116. Retrieved February 15, 2016.
