To maintain profitability and a competitive advantage in a challenging and uncertain marketplace, many leading companies are turning to business process reengineering. When executed well, business process reengineering initiatives can result in more efficient and effective operations, with an improved bottom line and balance sheet.
Business process reengineering success factors
Several factors can go a long way toward ensuring the success of a business process reengineering program:
- Visible, sustained support from executive leadership and commitment to the business process reengineering project.
- A strong business case based on empirical data that aligns the business process reengineering effort with strategic goals and defines clear, measurable objectives.
- Use of proven business process reengineering methodologies that have solid grounding in real-world results – not just in theory.
- Clear communication within the organization, including documentation, which conveys the goals of the business process reengineering initiative as well as the roles and responsibilities of the participants.
- An end-to-end perspective that takes into account the entire process, and involves multiple parts of a company that may play roles in elements of its execution.
- Identification and attainment of “quick wins” that can help to build early confidence in the business process improvement initiative.
Another critical business process reengineering success factor is the selection of the right consulting partner – a partner with a proven track record, wide and deep experience, and sound methodologies.
The Hackett Group: your partner for business process reengineering
The Hackett Group® is a leading global strategic advisory company and the right partner for your business process reengineering program.
- The Hackett Group has a track record of success. We’ve worked with nearly 8,800 organizations from around the globe, including 97% of the Dow Jones Industrials, 93% of the Fortune 100, 73% of the DAX 40 and 52% of the FTSE 100. We’ve delivered billions of dollars in sustainable cost savings to our clients and billions more in improved cash flow.
- Our business process expertise spans all major business operations including Finance, HR, IT, and Procurement. We can deliver end-to-end solutions for all of your business process reengineering needs.
- The Hackett Group brings unmatched intellectual capital in the form of our renowned best practices benchmarking database, built on more than 25,000 benchmarking engagements with the world’s largest companies. Our industry-leading benchmark and best practices database helps to ensure that your business process reengineering design and implementation will be firmly grounded in empirical data and will generate results.
The Hackett Group offers superior solutions for critical business needs such as cost optimization, shared services, working capital management, globalization and outsourcing, IT strategy, supply chain consulting, and more. To learn how The Hackett Group defines and enables world-class performance, contact us.