14 Sep Low cost business process management solutions
Some companies are developing their own business process methodologies — such as GE WorkOut and fast track decision making (FTD) — to cost-effectively streamline processes and address the rapid changes in the market. But why? Aren’t the proven Six Sigmas, Lean and other business process methodologies of the world doing the job?
IBM’s 2009 Global CIO Study, released this week, revealed that more than half of the 25,000 CIOs surveyed said they plan to implement low-cost business processes this coming year. I started to wonder which low-cost business processes they were talking about and why they were suddenly on the rise. I did some research and came across two business process methodologies that could be considered “low-cost” — the GE Workout business process and fast track decision making.
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