business (noun, busi-ness, \ ˈbɪznəs \) process (noun, pro-cess, \ ˈprɑːses \) improvement (noun, im-prove-ment, \ ɪmˈpruːvmənt \)
Definition: is a planning technique dedicated to determining which worker skills or business activities can be improved in such a way that they help streamline the company’s procedures and secure a more efficient workflow that allows for the overall progress of the firm. Usually, a BPI is used to decrease operational costs and turnaround time, as well as to accommodate to customer demands and strategic goals more efficiently. Alternatively, this methodology can be called functional process improvement.
In a Sentence:
- Thanks to the introduction of the BPI, we’ve managed to reduce processing time in half by eliminating useless steps.
- After Tesla implemented its business process improvement, their customers have enjoyed an increase in the end-product’s quality.
- Clara informed that they’ve recently hired a specialist in business process improvement to help their firm cut out wasteful activities from their workflow.
Synonyms and related words: business process management, functional process improvement, business process reengineering, business process logic
