The Business Process Improvement Guide

Changing core business processes, especially in areas like pricing, selling, or rebate management, can be extremely challenging. But change is inevitable. It’s important to know how to manage change without completely disrupting your business operations.

So what happens when you’re in charge of leading a business process improvement project from start to finish?

The Business Process Improvement Guide gives you all the tips, tools, and insights you need to champion change in your organization from one stage of the process improvement journey to the next.

01

What Even is Business Process Improvement?

Business Process Improvement is the strategic practice of reimagining outdated processes with modern, data-driven insights to drive efficiency, reduce costs, and boost profitability. At Vendavo, we empower our customers to achieve growth by focusing specifically on pricing, selling, and rebate business processes.

02

How Can You Implement Business Process Improvement?

Implementing business process improvement starts with selecting a champion and identifying areas where your current processes are falling short. From there, it’s about rethinking those processes with a focus on efficiency and effectiveness, using data to guide your decisions. By making targeted changes, you can streamline operations, cut costs, and improve outcomes. It might not be easy, but it is simple. And in the chapters below, you can explore step-by-step strategies for transforming your business processes and driving meaningful change.

It’s never too late to get your organization on the right path to growth and profitability. Change is calling, and we’ve got your answer.

Picking the Right Moment to Start

Chris Kennedy-Sloane

Business Consultant

The Art of Approval: Navigating Organizational Hierarchy

Corey Schroeder

Vice President of Product Management

KPIs and Metrics for Success

Dan Cakora

Business Consultant

To Build or to Buy Commercial Excellence Software

David Anderson

Vice President of Business Consulting

Rallying the Troops: Engaging Stakeholders and Key Players

Chris Kennedy-Sloane

Business Consultant

Common Challenges in Pricing Implementations

Israel Rodrigo

Business Consultant

Gearing Up for Growth: The Value Acceleration Advantage

Darius Fekete

Senior Director of Customer Success

FAQ

The primary objectives of Business Process Improvement are to increase efficiency, reduce costs, and improve overall business performance. At Vendavo, we focus on optimizing processes that directly impact profitability, such as pricing, selling, and rebate management. For a detailed exploration of these objectives and a benchmark of where you stand, explore our Commercial Excellence Maturity Assessment

Start by identifying a champion and pinpointing the processes that are creating bottlenecks or inefficiencies. Then, assess where you can make the most impactful changes.  

Process improvement can actually be driven by almost anyone in a company. Often, it falls on roles like Operations Managers, Process Improvement Specialists, and C-suite executives. However, success requires collaboration across departments, including finance, IT, and sales.  

One impactful example is streamlining the pricing approval process, which can significantly reduce turnaround time and improve pricing accuracy. You can view our customer case studies for some inspiration. Take ABC Supply, for example, who worked with Vendavo to deliver their customers accurate pricing on a national scale. 

Common methodologies for business process improvement include Lean, Six Sigma, and Agile, each with its own approach to improving efficiency and effectiveness. Vendavo has our own methodologies that enhance pricing and selling processes, driving measurable results. 

Latest Insights from the Revenue & Profit Experts

  • How CFOs Drive Growth Webinar
  • Growth Drivers Report 2024
  • Business Case eBook

Ready to Champion Pricing, Selling, and Commercial Transformation in your Organization?

The journey is yours for the taking, Vendavo can show the way