Modeling Business Processes in Manufacturing Companies
DOI:
https://doi.org/10.5377/reice.v10i20.16022Keywords:
Company, Model, Investments, Reengineering, Risk ManagementAbstract
The article considers the optimization of business processes in manufacturing companies. The authors consider the concept of business processes, distinguish their types, and describe their functions. Much attention is paid to the order of measures taken by manufacturing companies in order to optimize business processes presented in the form of algorithmic management. The main methods used throughout the research include cognition, retrospective and documentary analysis, as well as synthesis, generalization, and systematization. The optimization of business processes in any manufacturing company is a complex task that requires modeling business processes, highlighting their challenging aspects, reengineering, and subsequent control. The authors determine the main stages and theoretical aspects of business processes in manufacturing companies, identify possible alternatives to a strategic choice, define investment project performance indicators, and propose business process models for a company's activities.
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