| Activity-Based Costing
Originating in the manufacturing sector, activity-based
costing (ABC) is now widely practiced in service industries as a
means to control costs and increase profitability. ABC helps
managers determine the actual costs associated with each product
and service independent of functional organization. is/Modeler
helps business managers easily determine costs at the activity
level: the business user determines the appropriate level of
detail, models the activity steps in a process, and enters cost
drivers, rates and volumes. is/Modeler can then calculate costs
across activities.
Process or Workflow Analysis
Process analysis, sometimes called workflow analysis, gives
business managers a visual representation of enterprises
business processes. Managers and business analysts use process
models to understand complex processes and identify
opportunities for improvement such as eliminating unnecessary
activities and duplication of effort, identifying least cost /
fastest pathways, and optimizing resource allocation.
Business Process Reengineering
Business process reengineering (BPR) helps business managers
improve the operational performance of the enterprise by
streamlining the business process, eliminating repetitive and
unnecessary tasks, reducing errors, and identifying bottlenecks.
Whether the enterprise involves managing insurance claims,
scheduling production runs in a manufacturing plant, or
providing care in a hospital, redesign of processes can improve
efficiency and increase the bottom line.
Continuous Process Improvement
is/Modeler process models support continuous process
improvement (CPI) by identifying non-value added steps and
indicating process steps that offer the greatest improvement
potential based on cost or time drivers. Process models created
in is/Modeler can be easily modified to reflect changes in
business process without re-entering previously modeled data
elements.
Total Quality Management
In addition to cost drivers, is/Modeler allows the business
user to identify and track quality drivers. Critical path
analysis, time studies, quality initiatives, and procedural
documentation are all supported through process models created
with is/Modeler.
Personnel Force Sizing
The rapidly changing business environment requires flexible
and adaptive organizations. Process models created with
is/Modeler can be used to forecast personnel requirements (full
time equivalents) based on projected future business. is/Modeler
helps business managers project staffing requirements associated
with changing business volumes and product and service
offerings.
©2006 by Aegis InterWorld Inc. All rights reserved
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