What size companies can benefit from process re-engineering?
What I’ve seen in my career is that companies with more than $25 million in revenue, and specifically those that have been growing, can benefit from engaging in process re-engineering. Growth companies need to reanalyze their processes on an ongoing basis instead of just adding more resources. What core business processes should be analyzed? Some areas that present problems for companies are inventory management and logistics and any department responsible for moving goods from one place to another or coordinating the receipt of products and services. There is always a ton of paperwork associated with these functions, which seems to bog down a lot of companies. There are also other areas around manufacturing. For example, the management of raw materials that go into the process, the proper inventory of the finished goods and how that information is properly communicated internally so companies can more accurately record information that will better service customers in a timely manner.
