SOLUTIONSSOLUTIONS
Business Efficiency is the Optimum Utilisation of 4 M’s – Man, Machine, Money and Material. Since resources are finite and costly, We have to build businesses that are efficient and Generate the maximum revenue with Limited input, for which all the Resources need to be Utilised in the best possible manner.
Efficiency is all about working smarter, not harder and being able to do more with less. we will look at the strategies that are implemented to boost Business Efficiency.
Your people can help you achieve maximum Production Efficiency. The key here is to encourage teamwork amongst your staff, enhance their performance, and reinforce team roles. You need to make sure they know their set responsibilities and that they are held accountable for any tasks given to them. It’s also important that you recognise their good performance and reward them for a job well done.
How efficient your business can actually become really depends on your workflow. So it’s a good idea to assess your current processes and see if there are any stages or steps that are stopping you from reaching optimal Efficiency.
If you can’t completely eliminate the time-consuming and repetitive tasks that you’ve identified as problematic, you could look at automating them.
This Strategy will make your life easier and will help you get more work done.
Within the market today, there are many tools that can automate your most complicated admin tasks. There are inventory systems, attendance and payroll systems, accounting software, and even order management apps that are capable of making these important admin tasks easier, so you can have more time to do what you love.
In this golden age of technology solutions, you no longer have to rely solely on people to keep your business ticking along. By incorporating technology into your business you can reduce the amount of work that you need to do each day.
Ordermentum is a great example of how technology can help you create impactful Business efficiencies. This tech platform provides a one-click ordering solution that helps your customers get all their orders and payments on time. It eliminates the paperwork you hate which means you can focus more on customer experience and on the other things that also matter to your Business.
No matter how great and highly productive your staff are, if you don’t give them the tools and equipment they need to be able to work properly, you can’t achieve optimal production efficiency. Make sure that you have all, that is required to execute your job efficiently, and if you’re leveraging technology, like POS systems, accounting software, and payment apps, make sure that they’re also working seamlessly to prevent unnecessary complications in your business processes.
Not being able to fulfil your customers’ orders because you’ve run out of supplies can lead to a lot of stress and pressure not to mention a loss of customers ! To avoid this, it’s important to pay close attention to your inventory either with the help of a professional or through the use of a dedicated inventory system. Inventory systems let you track your stock levels in real-time so you’ll know when you’re running out of products and when you need to replenish your stores.
The strategies that we’ve shared are some of the most effective ones that we’ve come across but improving efficiencies within your business doesn’t need to be overwhelming. You can start with simple changes that can have a big impact and ensuring that you are constantly on the look out for ways to improve your operations will keep you in good stead.
The benefit of outsourcing is lower cost, skilled expertise, increased efficiency and reduced turnaround time. You have to concentrate only on the core business, not the basic Operational Issues like Compliance, HR, Accounts, Internal Audit, Applications and Software, Security, etc
ProblemsProblems
SolutionsSolutions
Working is Frustrating, Productivity is drained, Team is having Negative Emotions, Disappointed, feeling like a failure and Quitting. Goal Not Achievable.
We Use a Balanced Scorecard to Identify and improve various internal business functions and their resulting external outcomes, which measure and provide feedback to organizations. Financial, Customer, Internal Process, and Learning and Growth are our perspectives.
Unable to Create and Retain Existing Customer Satisfaction.
We Use Hoshin Kanri process in which strategic goals are communicated throughout the company and then put into action. We Review it at regular Intervals.
Business targets are almost Achieved, but there are some challenges, which we can Overcome, but still no action.
The solution to such cases is KAIZEN and JUST DO IT. We collect talents within a company to create an Engine for continuous improvement plans and implementation.
Face Over -Production and waste are higher than the standard norms.
A method like Lean Manufacturing and Theory of Constraints is used by a collaborative team effort to improve performance by systematically removing waste and reducing variation.
How to improve existing process problems with unknown causes?
A five-phase method—Define, Measure, Analyze, Improve, and Control—for improving existing process problems with unknown causes. 5 W’s is also used.
Tired of Now and then Break Down of Machines, it results in delay in processing and Delivery of Goods.
To reduce and eliminate losses resulting from unplanned downtime we use the Total Productive Maintenance Program. The focus is on Planned and Quality maintenance and training and Education.
Too much fire fighting in daily management.
We Use DWM, which is the data-based communication and work system that provides the ability to manage Daily Work in departments, functions, and processes wherein processes are defined, controlled, and improved by the process owners. Indicators like managing points and checking points are set.
People don’t Work Effectively and Churn Ratio is very high, though We pay good and work pressure is Optimum. Why We lack Discipline and proper Work Culture?
We Resolve by Implementing the 6S philosophy and eliminate waste of time, wasted space, and wasted inventory, Which results in product quality and improves work productivity, resulting in lower costs and higher efficiencies, Better Retention Ratios, etc.
How can we Involve employees in maintaining the Quality of products?
A Quality Control Circle is formed, where a group of workers does the same or similar work. Improves Quality, Productivity, Team Spirit.