Business Process engineering advisory

4 Key Business Processes Essential for Business Growth

While mapping out the business processes for engineering/reengineering, businesses may leverage various processes based on the level of granularity and type of business. However, without professional business process engineering advisory services, businesses might not be able to exploit the processes for maximized output.

Here are the key business processes pivotal to enterprise growth.

  • Product development

A product is the heart and soul of an enterprise. Business planning does not begin and end with the product, but the customer.

This business-critical process would always have a scope for improvement as markets are highly disruptive due to volatile customer’s preferences and competitor’s upgrades. By persistently eyeing the dynamic external factors and staying close to capricious customers, businesses can stay ahead of the curve and devise suitable policies for product development.

  • Sales process

A product is nothing without a motive of earning profits and that’s where sales play its role.

Many professionals offering business process transformation advisory suggest that this process is a collection of various crucial processes that contribute to closing a deal. The process involves optimization of a buyer journey at several levels- from qualifying a lead and crafting convincing pitch deck to driving customer towards the sale.

  • Procurement

Simply stating, the procurement process involves selecting the right vendors and establishing payment terms, strategic examination, negotiations, and purchase.

A well-documented, scalable, and profitable procurement process fetches prosperity for enterprises by capacitating recognition, evaluation of opportunities of more cost, time, and resource-efficient strategies. By leveraging an effective procurement process, businesses can ensure cost reduction, quantity discounts, and quality assurance.

  • Customer support

The customer support process must be formally streamlined to achieve high efficiency and low complexity. Simplicity is the essence of an ideal customer support success.

Even if a customer acquires the complete knowledge of a product during the sale, the process doesn’t end. The same conduct is required when the customer seeks support while finding an issue using the product.

The aforementioned are the four core areas, that if engineered\reengineered strategically, can contribute to overall business growth. By embracing the services of the best business process engineering advisory providers, businesses can construct a well-developed plan and process the above-mentioned crucial business processes.

Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.

Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out via our e-mail at info@millennial.ae.

Digital Transformation Strategy

Need for an Effective AI Strategy to Fuel Business Growth during Crisis – Part 2

In the last part, we studied how an effective AI strategy can play a crucial role in recovering from the adverse consequences of an unexpected event. In this part, we will study the strategic areas that need to be taken into consideration to devise a successful AI digital transformation strategy to prepare a business for recovery and growth.

2 Key Strategic Areas to Consider for a Successful AI Strategy

  • Discover and Develop New Business Competences Powered by AI

A well-planned response to a crisis is crucial to scale business growth. To counter the market turbulences and develop a measured comeback, businesses need to identify the remodeling needs of customers. Following this, appropriate measures can be taken by kinetic competitors and markets to reciprocate to them.

Today, businesses with physical offerings are shifting to digital twin solutions to limit the physical contact and curb the spread of the Coronavirus. By combining enterprise AI solutions and AI-powered digital platforms, businesses must step beyond their comfort zones and analyze places where value can be derived.

  • Integrate AI into Core Business Prototype

Businesses that fail to implement effective AI strategies into their operations are more likely to limit their ROI. A careful end-to-end view of business operations is preemptive to recognize areas for AI integration.

The current black swan event characterized by the Coronavirus is opined to bring an ecosystem-level change. Businesses that would devise a digital transformation strategy with AI integration to reset and rescale the plan and operations would eventually earn huge profits. In the long term, embedding AI into core functional areas would radically increase efficacy in operations.

Embrace Enterprise Artificial Intelligence Solutions from AI Consulting Specialists

An effectual AI strategy to recover from the COVID-19 crisis surpasses building lightweight, beta mode algorithms or addressing ad hoc business trends or problems. Partnering with a leading AI consulting specialist would help businesses revive and rise back stronger.

Millennial Partners (millennial.ae)prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.

Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out via our e-mail at info@millennial.ae.