In: Accounting
SOLUTION
BUSINESS PROCESS RE-ENGINEERING (BPR) - It is a process of unusual improvement in operational efficiency of the business through redesign of critical business Function and providing a support to business .It is a revolutionary redesign of important or key process of business that involves the examination of all the basic funtions of business .
It requires to look at minute details of business process such as why the work is done , who does the work , where it is done and when it is done .
Bpr requires the analysis and redesign of business work flow and business process both within and between the organization and between the organization and those who are external to organization like creditors .
The orocess of redesign is basically radical .I involves total deconstruction and rethinking of business process in its totallity .
Its objective is to obtain a big jump in process proformance in terms of cost , time , output , quality and satisfaction of customers .
BPR is revolutionary redesign in the process of business .
BPR implies giving up the traditional practices followed by business and adopting the latest ones .Improving business process is very important to stay in today`s competative market .New techologies are are changing on fast pase bringing new capabilities to business there fore it give rise to stratagic options and it requires to bring improvement in business process .
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