|
flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
|
Editor's Note: If you are interested in becoming an expert on Process Improvement, take a look at Flevy's Process Improvement Frameworks offering here. This is a curated collection of best practice frameworks based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. By learning and applying these concepts, you can you stay ahead of the curve. Full details here.
* * * *
Process improvement is a critical part of improving operations in any organization–and in any function. By identifying those processes that are in most need of improvement, we can significantly increase the speed at which a company operates and greatly reduce its costs.
Inefficient operations is a condition that affects all size companies–though, in particular, larger enterprises that have gone through a phase of M&A.
Below, we have several framework documents that focus on this topic at hand: Process Improvement.
Business Process Improvement
https://flevy.com/browse/business-document/opex-business-process-improvement-bpi-7-training-module-601
Rapid Process Improvement
https://flevy.com/browse/business-document/rapid-process-improvement-662
Organizational Velocity – Improving Speed, Efficiency & Effectiveness of Business
https://flevy.com/browse/business-document/organizational-velocity-improving-speed-efficiency-and-effectiveness-of-business-482
Process Capability Study
https://flevy.com/browse/business-document/opex-process-capability-study-training-module-603
Gain the knowledge and develop the expertise to become an expert in Process Improvement. Our frameworks are based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. Click here for full details.
Process Improvement involves analyzing and improving existing business processes in the pursuit of optimized performance. The goals are typically to continuously reduce costs, minimize errors, eliminate waste, improve productivity, and streamline activities.
As we continue to deal with COVID-19 and its economic aftermath, most organizations will prioritize Business Process Improvement initiatives. This is true for a few reasons. First, Process Improvement is one of the most common and effective ways of reducing costs. As the global economy slows down, Cost Management will jump to the forefront of most corporate agendas.
Secondly, a downturn typically unveils ineffective and broken business processes. Organizations that once seemed agile and focused during periods of growth may become sluggish and inefficient when demand drops off.
Lastly, COVID-19 has expedited Digital Transformation for most organizations. One of the quickest and most impactful forms of Digital Transformation is Robotic Process Automation (RPA). Thus, we have included numerous RPA frameworks within this Stream.
Learn about our Process Improvement Best Practice Frameworks here.
