Business Process Redesign - BPR
Definition of 'Business Process Redesign - BPR'The complete overhaul of a key business process with the objective of achieving a quantum jump in performance measures such as return on investment, cost reduction and quality of service. Business processes that can be redesigned encompass the complete range of critical processes, from manufacturing and production, to sales and customer service. Also known as business process reengineering. |
|
Investopedia explains 'Business Process Redesign - BPR'Two criticisms of business process redesign are - (1) it may entail a large number of job redundancies or layoffs, and (2) it assumes that faulty business processes are the main reason for the company's poor performance, when other factors may also be responsible for under-performance. |
Related Definitions
Articles Of Interest
-
Business Startup Costs: It's In The Details
Don't overlook the details when starting up a business. It's the small expenses that have the potential to make or break a great idea. -
What business processes were used to establish the Chevrolet motor company?
William Durant, the founder of General Motors, lost control of his company due to his aggressive expansion plans. Going wholeheartedly from a carriage manufacturer to an automotive force, Durant ... -
Introduction To Stationary And Non-Stationary Processes
What to know about stationary and non-stationary processes before you try to model or forecast. -
Why did dotcom companies crash so drastically?
The craze of the dotcom bubble and the flood of capital that came with it led to many back-of-the-napkin business models becoming publicly traded companies almost overnight. Companies like Amazon ... -
How Risk Free Is The Risk-Free Rate Of Return?
This rate is rarely questioned - unless the economy falls into disarray. -
Top 4 Most Scandalous Insider Trading Debacles
Here we look at some of the landmark incidents of insider trading. -
Nobel Winners Are Economic Prizes
Before you try to profit from their theories, you should learn about the creators themselves. -
Key Steps To Building A Great Financial Planning Practice
Following the status quo will kill your financial practice. Find out the tips you need to follow to keep you a step or two ahead of the competition. -
The Copper King: An Empire Built On Manipulation
Find out how Yasuo Hamanaka's actions in the copper market forever changed the rules for commodity traders. -
7 Controversial Investing Theories
We take a closer look at the theories that attempt to explain and influence the market.
Free Annual Reports