A+ Grade Solution
BUS 307 Week 1 Discussion 2 - Business Mapping of Processes
From Chapter 4, Problem 13, read the current home equity loan process at Faircloth Financial and map the current process. Identify any rework loops and delays in the process. What causes these? What is the impact on cycle times? How might this affect customers’ willingness to do business with Faircloth? What changes might you recommend to redesign this process with the needs of the customer in mind? Respond to at least two of your classmates’ postings.
Excerpt from file: BusinessMappingofProcesses ThereareseveralstepsintheFairclothFinancialHomeEquityLoanProcessthatcanbe streamlinedforexample;asecurewebsitecanbecreatedtoforcustomerstofilloutthe applicationonlineandelectronicallysign.Thiswouldcutfrontenddelaytimesby57days,by
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