14/08/2023 Other Services
In the current era of business, uncertainty seems to be the norm. Despite leaders pushing for a leaner and more agile organizational structure, most companies are slow in transforming. Challenges appear at every turn, from persistent hiring shortages to supply chain concerns and fluctuating customer demand. Amidst this intricate backdrop, the concept of “Operational Excellence” stands out as a potential guiding light, offering a pathway to navigate these challenges and secure a robust foundation for success.
Part of the problem arises when organizations fail to track processes or key performance indicators, creating a divide between the strategic objectives needed to be achieved and the execution.
A study by Procesowcy found that while 69% of the firms surveyed reported having established processes, only 4% reported monitoring and controlling them. Thus, adopting Operational Excellence is critical to reducing costs and creating a resilient, adaptable organization.
Let’s understand what operational excellence is and why it is Operational Excellence essential for an organization.
Discover how optimizing your processes can skyrocket your business's success. Dive into the world of streamlined operations and unlock your potential today.
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