Business leaders often struggle to pinpoint the source and breadth of the waste in their organizations. Even when they are able to identify and quantify the hidden costs of inaction (“the status quo”), the process of implementing change can often be a mammoth task.
The consequences of ‘no action’ when it comes to re-engineering their business processes, has a direct and immediate impact on the success—the survival of their business.
Read this information to learn why manufacturing executives need to embark on an effective business process improvement initiative to measure the cost of the status quo, in order to reap several business benefits, including:
- Reduced operational costs through the identification of revenue leakage
- Increased capacity through the reduction of redundancy
- Increased consistency by providing predictable, reliable results to customers or clients
- Improved customer satisfaction—which in turn, boosts brand trust and reputation