Daily Vocabulary for Better Conversation

POSIT is an acronym of Process Optimization, Standardization and Innovation Technique, a standard to measure global business processes that are maintained in multiple business applications and serviced by various outsourcing companies.

Internationally, POSIT is assessed, managed and monitored by ICIM, a chicago-based decision science company.

How is it different from other standards like CMM or Six Sigma?

POSIT is not just an assessment and labeling a company at a certain level. It works on simple traditional business and technology principles.

First: It is objective driven. It determines where the company wants to be - the strategic intent, and defines the level accordingly and provides the trajectory to reach that particular level. Therefore, if a particular process can only be reached at level 8 (at its optimum point) there is no economic sense to reach at 10 with 99.999% precision or significance level. Thereby it add values to the bottom-line.

Second: It is a management. That's right. It takes 4M - Money, Market, Material and Manpower - into consideration. The POSITassessment is to help companies understand, through Modeling, Simulation, and Process Management System that connects various internal applications and/or external services through web services for business purposes that linking pieces of processes does not yield the necessary process controls. Business rules trapped in automated processes with no ability to arbitrate or adjust them dynamically are inadequate and limiting. There is an extreme need to bring business processes and their associated rules upfront - one that rises above existing applications and technology boundaries and lives in the extended enterprise - with real-time participation, reaction and management.

Third: It is a monitoring service. It is a journey of continuous improvement. POSIT is the practice for understanding of competitive advantages, visibility and continuous improvement of all the processes that drive the business performance and values.

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