Implementation Of Business Processes Research Articles

КОРПОРАТИВНЫЕ ФИНАНСЫ В СОВРЕМЕННЫХ УСЛОВИЯХ ХОЗЯЙСТВОВАНИЯ

The study of the issues of assessing performance indicators and intensification of finance in the activities of corporations operating in modern economic conditions is necessary and relevant. The purpose of the study is to identify a group of indicators of financial and economic activity to assess the effectiveness of the corporation (corporate finance). In the course of the research, a toolkit has been developed, which is a group of indicators that allow corporations to analyze indicators of financial and economic activity in generalized and detailed forms. When choosing the resulting and factor indicators of efficiency and intensification, the author's position was based on taking into account the current economic environment, namely, the multidisciplinary activity of corporations (on the scale of state borders and beyond) and a high share of borrowed capital for the implementation of business processes in the field of core and non-core types of entrepreneurship. The research indicators in generalized and detailed forms were direct and indirect profitability. These indicators refer to the resulting performance indicators, calculated by comparing profit and consumed capital (its factor indicators). Changes in profit and capital are the resulting indicators of intensification, under the influence of the effectiveness and cost (factor indicators affecting it) of entrepreneurial national and international projects of corporations. The generated indicators fully correspond to the current economic environment and the economic nature of the categories “efficiency” and “intensification”. With their use, it is possible to calculate the dependence not only between the resulting and factor indicators, but also to analyze the interactions of the factor indicators themselves. These indicators meet all economic postulates and are fully adapted to generally recognized economic requirements, in particular, of a financial-economic and financial-management nature. The proposed approach will help maximize financial benefits through an objective analysis of the efficiency and intensification of business operations

Ensuring Business Transparency as the Most Important Accounting and Analytical Function in the Context of the Coronacrisis

Economic entities once again found themselves in the conditions of “new normality”, now it is a global coronocrisis. The new complex context of decision-making caused by the pandemic requires that information and analytical support be kept up to date. Therefore, in this article it is proposed to pay attention to the mechanisms of ensuring transparency of business. The study begins with a discussion of the factors that contributed to the increased need for business transparency during the pandemic. At the same time, transparency is considered from the perspective of various stakeholders of the economic entity. The opportunities, benefits and effects that can become available to organizations committed to responsible and transparent functioning are also considered. The author notes the complex positive impact of transparency on the functioning of business as a whole. Further, it is proposed to focus on the problems of internal transparency caused by the peculiarities of the organization of work of employees during the pandemic. Many employees of Russian companies moved their employees to remote operation, which caused some difficulties in monitoring the implementation of business processes. Due to the need for rapid implementation of organizational changes of an innovative nature during the pandemic, the study separately presents the role of transparency in the implementation of transformational changes of the company. The paper also identifies the main areas of transparency activities.

LIBRARIES AS CONSULTING CENTERS FOR BUSINESS SECTOR

Information consulting is very important in the effective implementation of business processes. Its emergence provides an opportunity to talk about new trends in the management and development of socio- economic processes in Azerbaijan. Information consulting is a dynamic, interactive process that facilitates teaching and research in which librarians and information professionals have a common language. Librarians need to be effective advisors to stay up to date. Libraries and librarians who are not effective in business processes will, of course, be left out of these processes. Information consulting is a model that reflects both the classical and experimental period of libraries. The title “Information Consultant” reflects a business approach to information services. The importance of information consulting is that the consultant is very valuable for clients and their businesses by interacting extensively with clients and actively supporting their information needs. Information consulting transforms the business goals of leading companies into innovative solutions. In the past, information consultants were usually librarians who conducted a full survey for clients and prepared the information. For decades, information consultants were considered to be the ones who conveyed accurate information by examining obscure information. Companies hired them to find information in libraries that was difficult or too expensive for staff. However, as information technology advances, information consultants are required to provide information in a narrower range, i.e. on only a few key topics. During this period the librarian’s help is needed in any field of research. Because libraries have more opportunities to conduct research in any field of knowledge. Otherwise, it will take a lot of time to find the relevant area, which can be more useful, by obtaining the necessary information and moreьdetailed information from the innumerableьinformation. The creation of the Internet inьlibraries has stimulated the development ofьconsulting services for various categories ofьreaders. This requires professional knowledge of modern technologies from the library staff.Purpose. The purpose of the article is to analyze the role of library activities in the formation of the business environment and information support in the field of management and business, study the features of information consulting in the information support of the business environment and ways to improve the efficiency of libraries inthe field of information support for business structures.Methods. Methods of research- complex methods were used in preparing the article. Profiled publications were analyzed and structural analysis, method of analysis and synthesis, method of interpretation were used. In the course of the research, the experience of National Library of Azerbaijan named M. F. Akhundov was taken as a basis, attention was paid to the results of observations. At the same time, the methods of interviewing, questionnaires and interviews with users of bibliographic information in the relevant field were discussed.Results. In the process of providing information and consulting services, there is a tendency to improve traditional information products and services through the intellectualization of information and library activities, the use of new technological approaches and the perception of more complex consumer requirements by library specialists. Thus, library specialists can determine priority types of services, based on the requests of readers, and, on their basis, forecast and develop information and consulting activities. Determining the specific benefits of these services, that is, their assessment and monitoring allows the library to manage its activities, to determine its strategy depending on the current situation.Scientific novelty. This article is the first article examining the activities of library consulting centers in providing information to the business environment in the Republic of Azerbaijan. On the basis of marketing research, specialists of the National Library of the Republic can determine priority types of services in accordance with the requirements of readers and develop on their basis information and consulting activities through forecasting. Evaluating and monitoring these services allows the library to manage its activities and determine its strategy depending on the current situation.

АКТУАЛІЗАЦІЯ МОТИВАЦІЇ ПРАЦІ В УМОВАХ НЕСТАБІЛЬНОЇ ЕКОНОМІКИ

Features, challenges and risks of the current stage of economic development are identified, where the main trends and problems of personnel management are its reduction, transfer to part-time work and, most importantly, the transition to remote (online) work. Under such conditions, a necessary requirement is to create a modern system of work motivation, which would be based on the use of effective approaches such as "grading", "performance management", updated to take into account the special conditions of today and facilitate the implementation of personnel strategy. The main directions of improving work motivation in an unstable economy are substantiated, in particular: increasing flexibility; establishing a close correlation between the importance of the position, the complexity of the work and the level of motivation; taking into account the competence of workers; strengthening the relationship between the performance of each employee and the amount of his payment. "Grading" is considered in more detail as an approach to the actualization of motivation, which is based on the creation of a vertical structure of positions of the whole enterprise depending on their significance. The use of this technology is proposed, which is based on the assessment of the significance of work and involves determining: the complexity of work in each position, competence and performance of employees. In assessing the significance of positions, three stages of implementation of this area are identified. The first stage includes ranking positions according to their importance for the company and the formation of grades. To implement this stage, it is possible to use both analytical and non-analytical methods. The second stage is to determine the possible salaries for each position, taking into account its importance and belonging to the grade. At the third stage, the requirements for the employee who will hold the position are determined, taking into account its complexity and responsibility, functions and work to be performed. When assessing the competence of the employee is determined by his level of knowledge and skills for effective performance of functions. The difference between the competence of the employee and the requirements of the position, which allows the adoption of a number of sound personnel decisions. First, setting the salary of a particular worker depending on the level of his competence. Second, the definition of the subject area and method of professional development to achieve competence that meets the requirements for the position. Third, worker career planning. When evaluating the effectiveness of employees, which can be done in the following ways: determining the degree of achievement of goals, KPIs and BSC, implementation of planned tasks and norms, evaluation of productivity, budget execution, implementation of business processes, etc. "As a tool for personnel decisions. The proposed approach to the actualization of motivation is flexible and effective, meets the modern conditions of an unstable economy.

ОСОБЛИВОСТІ ВИКОРИСТАННЯ АУТСОРСИНГУ БІЗНЕС-ПРОЦЕСІВ НА ПІДПРИЄМСТВАХ

The article considers the issue of using business process outsourcing. The implementation of business processes in the enterprise can be ensured by the company's own forces, the use of an outsourcer and by combining its own forces and the outsourcing company. Based on research conducted by various companies, it can be argued that business process outsourcing has a high growth rate, at least 90% of modern enterprises use outsourcing at least one business process, the business process outsourcing market recorded annual growth of 10-12%. The list of business processes of domestic enterprises outsourced includes IT services, logistics, resource provision of production processes, marketing services, recruitment, accounting, payroll, processing and systematization of information, personnel accounting and personnel records management, administrative functions. According to the results of "field research" on the use of business process outsourcing by domestic enterprises, it can be stated that most often subsidiary business processes are outsourced, a slightly smaller share is on business process management and with rather small frequency the basic business processes with participation of the outsourcer are realized. Based on the study, the main benefits and threats of using business process outsourcing were identified. Accordingly, we can distinguish two groups of benefits, namely, a group of standard benefits that are inherent in the outsourcing of any activity and a group of benefits of transferring responsibility for certain activities to an outsourcing company. The main threats to the use of business process outsourcing are reflected in certain limitations of their own activities, partial loss of control over processes, loss of "confidentiality of information", dishonesty of the outsourcing company and so on. In the decision-making process about the use of business processes it is necessary to take into account a large number of factors, in particular: the scope of the enterprise, the nature of business processes, their cost and duration, the reputation of the outsourcer and so on.

Digitalization trend in business

The aftermath of the pandemic in 2020 shocked the country’s economy, but at the same time, the desire to keep the business allowed, in record time, to completely rebuild the usual patterns of behavior in the implementation of business processes across all sectors of the economy. The inability to go to work, solve everyday issues, carry out a commodity-money exchange, allowed the remote service model to burst so rapidly. The construction of a mechanism for the formation of work on the basis of electronic platforms, software products, Internet sources made it possible to form a single development trend - digitalization. This process is inextricably linked with the Internet, the digitization of the actions of all market participants. In this article, using the banking sector as an example, the main problems of modern digital services are considered, based on which the main directions of innovation are put forward, as well as promising areas of investment are substantiated.

Формирование системы показателей ведения электронного бизнеса в условиях современной хозяйственной конъюнктуры

The article presents the author's formalized approach to the formation and evaluation of the system of indicators for conducting electronic business in static and dynamic states, contributing to the detailed disclosure of the interaction of factor and resultant parameters by which organizations will be able to justify the decisions taken by entrepreneurs in modern economic conditions to ensure the best final and intermediate benchmarks for themselves. The purpose of the study is aimed at creating a reliable system that integrates general and private indicators of e-business for the subsequent balancing of results, costs and extraction of marginal financial benefits. The objectives of the study are focused on annotating the activities of organizations that operate and implement business processes in the current economic environment, as well as integrating indicators based on it that reflect static and dynamic cause-and-effect relationships in the field of commerce. The methods for performing the research were chain substitutions supplemented with mathematical analysis, which will allow organizations to obtain complete and reliable information about the quality of e-business. The work is intended for managers and specialists of commercial organizations, educators and scientists engaged in the study of the economics of entrepreneurship.

Verification of HotStuff BFT Consensus Protocol With TLA+/TLC in an Industrial Setting

The extent of formal verification methods applied in industrial projects has always been limited. The proliferation of distributed ledger systems (DLS), also known as blockchain, is rapidly changing the situation. Since the main area of DLSs’ application is the automation of financial transactions, the properties of predictability and reliability are critical for implementing such systems. The actual behavior of the DLS is largely determined by the chosen consensus protocol, which properties require strict specification and formal verification. Formal specification and verification of the consensus protocol is necessary but not sufficient. It is also required to ensure that the software implementation of the DLS nodes complies with this protocol. Finally, the verified software implementation of the protocol must run on a fairly reliable operating system. The financial focus of DLS application has also led to the emergence of the so-called smart contracts, which are an important part of the applied implementations of specific business processes based on DLSs. Therefore, the verifiability of smart contracts is also a critical requirement for industrial DLSs. In this paper, we describe an ongoing industrial project between a large Russian airline and three universities – Innopolis University (IU), Moscow Institute of Physics and Technology (MIPT) and Lomonosov Moscow State University (MSU). The main expected project result is a DLS for more flexible refueling of aircrafts, verified at least at the four technological levels described above. After brief project overview, we focus on our experience with the formal specification and verification of HotStuff, a leader-based fault-tolerant protocol that ensures reaching distributed consensus in the presence of Byzantine processes. The formal specification of the protocol is performed in the TLA+ language and then verified with a specialized TLC tool to verify models based on TLA+ specifications.

The use of different notations of design of business processes of trade enterprise is for planning of his activity

The article presents the procedure for further improvement of the functioning of a domestic trade enterprise to ensure its competitiveness and sustainability, which is associated with the processes of adjustment, regulation, reorganization and improvement of business processes. The possibility of increasing of efficiency of planning of functioning of trade enterprise is on the basis of design of business processes, that allows evident to represent all processes and stages of activity and management, set existent problems, define resources, regulations, tasks and desirable results. It is well-proven that construction and use of models of business processes in different notations it is aimed at the increase of efficiency of planning of functioning of trade enterprise, as these models allow evidently to represent all processes and stages of activity and management, set existent problems as «critical points» of process, to define resources, regulations, tasks and results. For determination of the state of functioning of basic business processes of enterprise for the evident image of processes and stages of works is built diagram basic to the business process in the system of design of business processes – «Bizagi. Modeler», that is sent to the design, implementation, automation and analysis of business processes in the module of Modeler in notation of BPMN, where the sequence of executions and events is designed. The diagram of actions of the main business process of the trading enterprise in the standard of modeling of business processes – «Bizagi. Modeler» allowed establishing a list of business process operations and a list of documents with their characteristics. Offered model in notation of IDEF0 basic to the business process foresees the construction of business-function or work (presented on diagrams as rectangles) and data and objects (represented as pointers that link inter se works), here to the mechanism of management belong: personnel; capital assets and technical equipment. In the article possibilities of introduction of modern tool of improvement of business processes are investigational the realization of commodity in the conditions of domestic trade enterprise, considered directions of improvement of efficiency of functioning of basic business processes of enterprise; expediency of introduction of control system by business processes is select and well-proven on the basis of their regulation and design for providing of efficiency of work of shop. For this purpose, the tool of the strategic planning of platform is select and applied business is a design of «ARIS Express», removes the basic stages of the strategic planning of development of trade enterprise. In the article the result of decoupling is presented to the business process of the strategic planning on the basis of results of functional design of standard of IDEF0 of process of planning of activity, allows as good as possible to describe, to regulate the business processes of activity of base enterprise.

Company business process optimization as an imperative of its economic security

Purpose. To work out an algorithm of an entrepreneur business process optimization in order to systemize and ensure the quality of implementation of key business processes of an insurer as the condition of increasing his/her level of economic security in a turbulent business environment. Methodology. In the study there were used general scientific and specific methods of cognition, in particular: logical colligation, analysis, dialectic synthesis and grouping, induction and deduction, process approach, factor analysis, graphical visualization, economic-mathematical modelling. Findings. The necessity of business process optimization for an insurer was established as a strategically important subject of market relationship development. A logical-structural scheme of interconnection of the main business processes of an insurer is formed; the processes are gradually implemented by stages of insurance services progress, risks underwriting, reinsurance, effecting of an insurance agreement, forming and placing insurance funds and settlement of losses. The main structural elements of the insurers business process optimization were systemized. The methodical approach to the insurers business processes reengineering was proposed on the basis of the games theory just to form a new model of business processes and to increase its optimization process effectiveness. Originality. An algorithm of the insurers business process optimization was worked out, which includes the process of their planning, diagnostics, implementation of changes and monitoring just to increase the quality of key business process realization as the condition for ensuring economically safe functioning of the business entity. Practical value. The practical value is in the possibility to use them in insurance companies activities, which will ensure their sustainable functioning and development in the strategic perspective.

ЕКОНОМІЧНА ОЦІНКА ІНФОРМАЦІЙНОГО КАПІТАЛУ ПІДПРИЄМСТВА ЯК ФАКТОР УПРАВЛІННЯ ВАРТІСТЮ НАФТОГАЗОВИХ ПІДПРИЄМСТВ

The article highlights the role of oil and gas enterprises as the main source of fuel and energy resources for the state. This requires the heads of oil and gas companies to find and implement effective ways and methods of enterprise management. The need to apply the latest concepts and approaches to management, among which the concept of cost-oriented management of the enterprise deserves special attention. In this context, the authors from a theoretical standpoint analyzed the concepts of enterprise management that exist in world practice, identified current trends in management, and identified problems in the implementation of cost-oriented management in Ukraine. In order to solve these problems, the role of information capital in creating the value of the enterprise is considered. The economic categories of information capital and economic evaluation of information capital are characterized. It is established that the economic evaluation of information capital of the enterprise is one of the main tools in cost-oriented management of business entities. The main aspects of economic evaluation of information capital of enterprises are highlighted – cost, value and efficiency of its use. The stages of economic evaluation of the information capital of the enterprise are developed. For the valuation of information capital of the enterprise on the basis of previous publications systematized the main approaches and methods of calculating the cost. For the qualitative assessment of information resources, a number of basic qualitative properties of information have been identified, which have a direct impact on the assessment of the quality of information, and the nature of management decisions. In order to develop methodological approaches to the qualitative evaluation of information, the qualitative properties of information are grouped by levels. The peculiarities of assessing the efficiency of information capital in the case when the information system is used only for the implementation and maintenance of business processes, the products of which are exclusively information and assessing the effectiveness of information capital in oil and gas companies, whose main purpose is oil and gas, are highlighted.

Процесна соціально-економічна взаємодія суб’єктів господарювання в умовах глобальних викликів

In the context of global challenges, the issue of modification of mechanisms of socio-economic interaction of economic entities, the search for a new, innovative mechanism of interaction of economic entities during socio-behavioral restrictions becomes actualized. The article is aimed at analyzing the process-based socio-economic interaction of industrial economic entities, which involves a study of the subject composition, interaction options and desired results during the implementation of various business processes by industrial economic entities. The main features of socio-economic interaction, as well as the list of entities of socio-economic interaction of industrial enterprises are presented. It is proposed to consider the socio-economic interaction of industrial economic entities within business processes, since each business process is characterized by its subject composition, intensity of interaction, place of implementation, direction of interaction, etc. Differentiation of interaction within business processes will allow to identify its features and options of influence, and determining further on the impact of global challenges on each business process will make it possible to adjust the results of interaction between entities depending on scenarios of global challenges and offer a selective strategy for mutual coordination of actions of economic entities directed towards counteracting global challenges. In the terms of further research, it is planned to determine the degree of interaction of various entities with the enterprise, namely: suppliers, consumers, competitors, the State (direction and strength of regulation, control, assistance to the enterprise, the possibility and instruments of the enterprise’s influence on the decisions of the authorities), etc., as well as define the nature of the change of entities, options and composition of interaction under the influence of global challenges and analyze the communicative aspects of interaction of entities.

Marketing research of business processes of network retail Adidas

The article is devoted to the study of business processes in the enterprise. The main attention is paid to the diagnosis of business processes - to understand what processes exist in the company, what violations, limitations, extra costs are in these processes. And only after that it is necessary to put forward offers to their change and improvement. Analysis of processes and the impact of their effectiveness on the efficiency of the enterprise as a whole is the basis for the formation of enterprise development strategy. Increased competition, high growth rates and increased requirements for the organization of the management process encourage business leaders to reconsider methods of assessing performance. Given the fact that in large organizations, existing business processes are complex and multifaceted, it is possible to conclude that the implementation and change of business processes in them are strategic, as they require a significant amount of time and lead to significant change. their internal environment, which also requires its account in the analysis and modernization of activities.

Management of financial activity of enterprises in the conditions of digitalization of business processes

Methods. The results of the study were obtained using the methods of abstraction – in determining the essence of the category of «digitalization»; general and special – in establishing the unity of the existing concepts of digital economy and business processes; the systems method was used in the systematization of the stages of implementation of elements of digitalization in enterprise’s business processes, the method of generalization – in determining the general digital elements in the management of financial activities of the enterprise. Results. The variability of the category of «digitalization» is revealed depending on the transformation of processes and elements of economic systems. Different approaches of domestic scientists to the definition of «digitalization» are analyzed. The classical elements of digitalization are considered, namely cyber–physical systems, the Internet of Things, big data, robotics, and 3D printing. The main stages of implementation of business processes in different business models of enterprises are identified. It is established that in the management of financial activities of the enterprise, means of digitalization of business processes are accounting digital tools, Internet and communication tools, electronic document management tools and other computer programs that allow one to analyze and control the flow of financial resources and their use. Novelty. In the process of studying the elements and means of digitalization of business processes, the directions of its use for the organization of financial activities of enterprises are determined, as well as the importance of digital transformation in the management of financial activities of enterprises is demonstrated. Practical value lies in the developed proposals for the use in the management of financial activities of enterprises software accounting and management accounting, which will allow for effective financial analysis and control of their activities.

Індикатори стратегічного контролю як складова цифрового менеджменту підприємства

The article considers scientific approaches to the formation of indicators of strategic control as an important component of digital management, which can be used to optimize strategic decision-making along with tracking the overall movement of the management object in accordance with the chosen strategic development vector based on their integration into automated management systems. The purpose of writing the article is to systematize scientific views and develop methodical approaches to the formation of a system of indicators for strategic control as an important component of the digital management of enterprise in the current conditions. The essence of digital management is defined as an enterprise management system, wherein managerial decisions, as well as the implementation of management functions, represent a synthesis of digital data generated by the relevant software and managerial experience of the director. It is substantiated that strategic control consists in determining whether further implementation of strategies is possible and whether their implementation will lead to the achievement of goals based on integrated digital data as to the implementation of business processes in real time. The main features of strategic indicators are presented, which are: integratedness, terminity, and objectivity. Methodical approaches to determination of indicators for control of business processes are researched, essence and basic principles of formation of strategic control system in an organization are specified. On the basis of the carried out research, the characteristics of strategic control indicators according to the following classification features are systematized, their characterizations and provided as follows: sphere of influence on the object of management; contents; functional signs and levels of management. The use of the proposed approaches to the classification of strategic control indicators will allow to systematize the process of development of digital systems for monitoring the movement of the enterprise in the direction of the chosen course of strategic development.

Readiness Assessment for Implementing Business Process Re-engineering: Case Study of a Bank in Iran

One of the concepts used to improve and make changes in organisations is business process reengineering (BPR). With regard to the existing challenges and high failure rate in engineering open projects, in this study, the readiness of the studied organisation for implementation of BPR has been assessed. The case studied here is Keshavarzi Bank (Agriculture Bank) in Iranian banking industry. Nine factors were studied including strategic alignment, top management commitment, flatter organisational structures, organisational culture, change management, human resources, IT infrastructures, effective process redesign, and project management. 56 questionnaires were distributed in Keshavarzi Bank headquarters in Tehran using the census method. For data analysis, one-sample t-test was used to understand the status of the research variables, and Friedman test was used to rank the factors. Based on the results, this bank is ready for BPR implementation in terms of strategic alignment, top management commitment, organisational culture, human resources and IT infrastructures.

ЦИФРОВА ТРАНСФОРМАЦІЯ У СФЕРІ HR: НАПРЯМИ, ПРОБЛЕМИ ТА МОЖЛИВОСТІ

The progress of digital technologies in the XXI century requires radical transformations of business processes in all spheres of socio-economic life. The particular relevance of digital transformations is in the field of HRM (human resource management), which contribute not only to increased productivity but also the development of talents. Companies that are actively implementing changes in HR management, do not lose competitiveness in the market and occupy leading positions in their fields. The growing number of network teams and employees on short-term contracts in the world allow many industries to implement business processes quite quickly, based on the transformation of HR. Based on the study of the world experience of digitalization, the analysis of the vectors of transformation of HR-management functions is substantiated, the key opportunities provided by digital transformation for HR are substantiated, the emphasis is on the terminology of digital changes. Digital organizations are evolving in several areas (3E) – Enterprise, Environment and Enablement. In each of these areas, the role of HR is crucial important. Strategic changes in people management during the transition from traditional to digital management models are also analyzed. The challenges of managing people remotely during the global COVID-19 pandemic have further highlighted the need for every business to apply digital processes in HRM and learn best practices, as this is already a matter of survival in the new environment. The obtained results allowed to establish the directions of development of digital organizations, as well as to draw conclusions about the challenges of digitalization for the development of society in the XXI century. The digital transformation of HR is affecting all types of business – from the largest corporations to the smallest micro-firms. It includes the transition from long-standing and traditionally used resources, tools, and processes to digital means of storing information. In 2020, the world underwent a massive transformation of HR, as many companies have mastered digital solutions that help them work effectively remotely through the COVID-19 pandemic, the situation with which remains unclear and difficult to predict.

Readiness assessment for implementing business process reengineering: case study of a bank in Iran

One of the concepts used to improve and make changes in organisations is business process reengineering (BPR). With regard to the existing challenges and high failure rate in engineering open projects, in this study, the readiness of the studied organisation for implementation of BPR has been assessed. The case studied here is Keshavarzi Bank (Agriculture Bank) in Iranian banking industry. Nine factors were studied including strategic alignment, top management commitment, flatter organisational structures, organisational culture, change management, human resources, IT infrastructures, effective process redesign, and project management. 56 questionnaires were distributed in Keshavarzi Bank headquarters in Tehran using the census method. For data analysis, one-sample t-test was used to understand the status of the research variables, and Friedman test was used to rank the factors. Based on the results, this bank is ready for BPR implementation in terms of strategic alignment, top management commitment, organisational culture, human resources and IT infrastructures.

InnoChain: a Distributed Ledger for Industry with Formal Verification on all Implementation Levels

The extent of formal verification methods applied to industrial projects has always been limited. The proliferation of distributed ledger systems (DLS), also known as blockchain, is rapidly changing the situation. Since the main area of DLSs' application is the automation of financial transactions, the properties of predictability and reliability are critical for implementing such systems. The actual behavior of the DLS is determined by the chosen consensus protocol, which properties require strict specification and formal verification. Formal specification and verification of the consensus protocol is necessary but not sufficient. It is required to ensure that the software implementation of the DLS nodes complies with this protocol. The verified software implementation of the protocol must run on a fairly reliable operating system. The so-called “smart contracts”, which are an important part of the applied implementations of specific business processes based on DLSs, must be verifiable as well. In this paper, we describe an ongoing industrial project that will result in a DLS verified at least at the four technological levels described above. We then share our experience with the formal specification and verification of HotStuff, a leader-based fault-tolerant protocol that ensures reaching distributed consensus in the presence of Byzantine processes.

Supply Chain Management Analysis Using the Business Process Model and Notation in the Midst of Covid-19 Pandemic

Supply Chain Management (SCM) aims to maximize the value of the products produced to meet customers' needs and demands. This study aims to conduct an assessment of Supply Chain Management at MS Company and suggested BPMN with adjusted business processes. The Business Process Model and Notation (BPMN) approach is useful for describing complex business process modelling in detail but still easy to understand. Thus, it can minimize errors in implementing business processes. We used the study case approach to conduct this research by studying several journals related to SCM. A discussion was then held to improve the four main processes associated with SCM, and the improvement was written by using BPMN. This study explains that BPMN can be used to give detail and minimize errors so that the modified business process modelling is easy to understand and facilitates communication between business process designers and business process executors. Some MS company improvement in its SCM includes production scheduling, goods procurement, production implementation, and warehouse management. It is suggested that further observation and examination of the improved SCM is needed to prove the new SCM's success in the midst of the covid-19 pandemic.