This the third part of our eight part series describing why every business should incorporate a Business Process Assessment. In previous blogs we discussed the importance of creating a Business Process Project Management Committee and electing a leader to represent each department within a company. The third step is to develop a comprehensive business process analysis document with a series of questions.
The business process analysis is a series of questions each department in the company is required to answer. This gives the business process management committee a blueprint of the business process opportunities to improve between departments in a company. The answers to these questions serve to reveal bottlenecks within a company and improve on efficiency.
Examples of questions a business process assessment would ask the Accounts Payable (AP) department include:
- What is your check writing procedure?
- How are AP cash requirements determined?
- Are there requirements for prepayments to vendors?
