Companies are doing reengineering since they want to remain stable in the dynamic business environment while facing changing strategies, financial crisis due to weak / poor / outdated business processes, technological changes, change in customer demands & business competition. Everyone is going for reengineering since it usually provides a quick fix for the present problem by a suitable business transformation. Everyone has great aspirations while reengineering one’s business, since reengineering surely brings out various potential benefits that usually breakeven the costs of reengineering. The following are the potential benefits brought about by reengineering that inspires every business enterprise to go for it.
Benefit level 1: Provides a quick fix for the present problem
Benefit level 2: Business processes are refined according to the improved strategies
Benefit level 3: Refined business processes creates high quality products & services, reduced paperwork, reduced manual labor and reduced process cycle times.
Benefit level 4: The above benefit creates high quality and value added products and services shipped to the customers in time. This improves customer satisfaction and customer support. The company now tends to care more for its customers.
Benefit level 5: Cash flow is improved which leads to easy realization of ROI and business profits and gains.
Benefit level 6: This leads to business prosperity and stability.