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What is business process?
Davenport & Short (1990) define business process as "a set of logically
related tasks performed to achieve a defined business outcome."
A process is "a structured, measured set of activities designed
to produce a specified output for a particular customer or market.
It implies a strong emphasis on how work is done within an organization"
(Davenport 1993). In their view processes have two important characteristics:
(i) They have customers (internal or external), (ii) They cross-organizational
boundaries, i.e., they occur across or between organizational subunits.
One technique for identifying business processes in an organization
is the value chain method proposed by Porter and Millar (1985).
How do YnFx Solutions help them?
YnFx - YarnsandFibers through its various affiliations and alliances
provides services to ensure a speedy and transparent transaction.
The team is a mix of experts from the textile industry and technology
industry, rendering us in a position to best understand your needs
and deploy a suitable technology to achieve the desired results.
YnFx - YarnsandFibers's mission is to improve business efficiency
through the use of technology.
What are the Benefits?
Our clients cite many strategic benefits from business process outsourcing
- improved performance, profitability, and shareholder value. More
specifically, these benefits include:
- Achieve cost reductions - through reengineering, process
improvements, and advanced technologies; we eliminate unnecessary
operating costs while reducing and bringing other administrative
costs under better control.
- Focus on company's core business -Management is freed
up to focus more time, energy, and resources on building the
company's core businesses - as we assume full responsibility
for managing the day-to-day back-office operations.
- Improve service quality -We organize and manage the
business processes with a view to providing a higher level and
quality of services to the business units, subsidiaries, and
other users throughout the company.
- Maintain competitive edge -We enable management to
focus on building a more competitive business, and provide the
supporting systems and services to help companies compete more
effectively in the global marketplace.
- Obtain outside expertise - Our firm's top business,
industry, and technical specialists provide management with
valuable guidance and skills which are our core competencies
and which the company may not have in-house.
- Meet changing customer demands -Our outsourcing teams
provide management with flexible and scalable services to meet
their customers' changing requirements, and to support company
moves, consolidations, and acquisitions.
- Gain access to advanced technology - We design and
implement leading-edge enterprise systems to support the business
processes, and we manage the technology infrastructure with
lower capital investments and training costs.
- Achieve revenue enhancements - By outsourcing non-core
processes, management can focus on increasing sales and market
share, developing new and improved products, expanding into
new markets, and enhancing customer service.
- Make continuous improvements in process - We design,
build, and manage the business processes to operate better,
faster, and less expensively, and we work with clients to make
continuous improvements in process effectiveness and efficiency.
- Achieve world-class standards/benchmarks - We reengineer
business processes to incorporate the best-in-class practices
of the world's leading companies, and we use performance measures
and benchmarking to improve performance and costs.
- Gain greater internal flexibility -Through outsourcing,
management can focus on more strategic issues and other important
company initiatives, and has more flexibility to assign staff
and allocate resources to higher-value projects.
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