Operational efficiency is the capability of companies to deliver high quality goods or services to their customers in the most cost-efficient way possible.
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Corporate Reorganization often causes fear and uncertainty. Here are some ways to communicate and handle all the challenges of the reorganization.
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Industrial companies do not apply and manage lean production systematically. Operational performance is key, adopting all aspects of lean production can reduce costs 5%-15%
A transformation value creation strategy depends on a clear portfolio strategy and active portfolio management.
Standards: Standard work is a key element of high-performing, consistent, and predictable operations. Focus on the critical few, those in greatest need of improvement
By applying an approach called Simplify for Excellence companies have reduced costs by 25% while increasing productivity by 62%.
The curse of core compentency. When a competitor causes disruption, companies often limit decision-makers’ vision and which blinds them to other opportunities
Complacency is the sense of security and comfort that derives from the belief that the business success that’s taken place in the past will continue indefinitely.