There is no set number that can limit or define the number of standard business processes. When (re)engineering processes, businesses may map out a myriad of processes based on the level of granularity and type of business. Yet without professional Business Transformation Advisory services, they might not be able to identify, prioritize or execute the crucial business processes that would deliver maximum output.
In this blog, we mention some of those key business processes that are pivotal to enterprise growth.
1. Product Development
Business planning starts and ends at the product. Product development is considered as groundwork for all other processes.
This business-critical process would always have scope for improvement as markets are subject to dynamic external factors such as capricious customers and competitor’s upgrades. By persistently tracking external factors businesses can stay on top of curves and devise suitable policies for product development.
2. Sales Process
A product needs a commercially sound engine behind it, and that’s where the sales process plays a role.
There are multiple steps that contribute to successfully closing a deal, involving optimization of the buyer journey at several levels, such as qualifying a lead, crafting a convincing pitch deck, and leading customers towards sales.
3. Procurement
Simply stating, the procurement process involves selecting the right vendors, establishing payment terms, strategic examination, negotiations and purchase.
Businesses require a well documented, scalable procurement process so that they can identify and evaluate cost and time saving opportunities and act on them rapidly. By leveraging such effective procurement processes, businesses can also take advantage of price reductions and quantity discounts.
4. Customer Support
Simplicity is the essence of customer support success.
Once a customer is educated comprehensively about the product during the sale cycle, the process doesn’t end there. The same conduct is expected when the customer seeks support to address an issue with the product.
The aforementioned are the 4 core areas that if engineered or re-engineered strategically can contribute to overall business growth. By leveraging the services of the best Business Process Transformation Advisory providers, businesses can devise a well-developed plan and process for crucial business processes.
Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.
Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out via our e-mail at info@millennial.ae.