Reengineering

Definition

Reengineering is the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical, contemporary measures of performance, such as cost, quality, service, and speed. It involves examining and altering the company's internal structure to optimize workflows and improve efficiency.

Related terms

Business Process Management (BPM): A systematic approach to making an organization's workflow more effective, more efficient, and more capable of adapting to an ever-changing environment.

Workflow Automation: The design, execution, and automation of processes based on workflow rules where human tasks, data or files are routed between people or systems based on pre-defined business rules.

Organizational Structure: The system that outlines how certain activities are directed in order to achieve the goals of an organization; these activities can include rules, roles, and responsibilities.