Making Sense of Business Process Solutions
Business Processes appears to be the latest buzzword for a whole host of industries and markets. While it's today's "hot topic," the concept has been around for quite a while, according to Wikipedia:
An important early (1776) description of processes was that of economist Adam Smith in his famous example of a pin factory. Smith described the production of a pin in the following way:
One man draws out the wire, another straights it, a third cuts it, a fourth points it, a fifth grinds it at the top for receiving the head: to make the head requires two or three distinct operations: to put it on is a particular business, to whiten the pins is another ... and the important business of making a pin is, in this manner, divided into about eighteen distinct operations, which in some manufacturies are all performed by distinct hands, though in others the same man will sometime perform two or three of them.