Process management strategy refers to an organized approach to managing the operational processes of a business. It is designed to help companies keep their operations running efficiently and effectively. The purpose of process management strategy is to improve the quality of services and products while also reducing costs and increasing the profit margin of the business. The strategy involves assessing existing processes, identifying areas that could be improved, and implementing measures to achieve the desired results. It can involve using a variety of tools and techniques such as process mapping, process improvement, and process automation. By assessing existing processes, it can help to identify bottlenecks and inefficiencies, which can then be addressed. This can lead to increases in efficiency, improved customer satisfaction, and reduced costs. Process automation, for example, can reduce the need for manual labor, which can result in cost savings.