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The global workflow management system market size was valued at $6.85 billion in 2020, and is expected to expand at a compound annual growth rate (CAGR) of 30.6% from 2021 to 2028. This growth comes from the recognition that workflow management systems improve business efficiency and reduce operational costs. Furthermore, workflow management systems optimize automation, […]
Are you still relying on manual data entry and paper-based systems for document management? If you are, take notice. You could be losing 18 minutes of your productivity time searching for the documents and information you need. Those 18 minutes might not seem that much, but they mount up to account for ~50% of your […]
“SOPs also provide a certain kind of insurance. With systematized operations in place, a company won’t unduly rely on any single person for institutional knowledge or company advancement; it’ll all be codified within the SOP” Dean Scaduto, The Lowdown on Standard Operating Procedures Standard operating procedures (SOPs) in business create consistency, guarantee quality, remove ambiguity […]
Poorly managed processes have caused disastrous and costly errors. For instance, a measurement mix-up between metric and imperial units by NASA caused the disintegration of one of their satellites. This cost the air and space agency $125 million in damages. Business process management (BPM) is the management and control of business operations to prevent costly […]
The global workflow management system market was valued at $4.8 billion in 2018. This figure is anticipated to rise with a compound annual growth rate (CAGR) of 27.7% from 2019 to 2025. One reason for this tremendous growth is the digital transformation of businesses globally. This transformation is called industry 4.0. The workflow management systems […]
What would happen if you upheld every New Year’s resolution you’ve ever made? Every year we make ourselves promise to exercise more, eat healthier, learn a new instrument, and so on. If we always improved in these ways, our productivity would skyrocket while we lead healthier and immensely happier lives. Apply that logic to your […]
A simple swimlane diagram could stop your team from running around like headless chickens. Here’s why (and how to create your own diagrams).
Looking for a process improvement tool that allows you to map, define, and understand your business process better? Meet SIPOC.
Powerful things often come in small packages. Little’s law — an aptly-named theorem — can help you take control of your business’ operations!
Waste (aka ‘muda’). It’s something that we just don’t like. From waking up too late and feeling like we’ve wasted time, to wasting food (us Americans waste over 150,000 tonnes of food each day), to walking along a street that’s piled up with garbage, the majority of us don’t want to contribute to or be […]