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.
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.