Author : Dev Shetty, Founder of Querity Software Visit: http://www.queritysoftware.com

5 ways to improve business and operational efficiency or

productivity – Dev shetty, Founder

To remain competitive in an increasingly competitive world, organizations must boost

business and operational efficiency wherever possible. However there are many

factors contributing to decreased productivity such as:

As mentioned in my earlier blog, open source, cloud and client server architecture

enables companies to deploy variety of new systems in the organization to better

manage their businesses. On the other hand it can also increase the complexity of IT

eco system and lead to fragmented inconsistent data.

Due to globalization, organizations have become complex and grown larger in terms

of size, geography, demography, product lines, business processes and employees.

Because of the fast faced ever changing business environment where organizations

have to compete with different business models like online, outsourced, cloud,

fermium, pay as you use etc. companies have no other option other than to invest in

the improvement of business and operation efficiency

Increased operational costs and IT maintenance cost due to the need for significant

manual intervention to resolve issues caused by data inconsistency or

incompleteness.

Customer dissatisfaction and large number of disputes resulting from inaccurate

order processing or invoicing.

Inefficient product life cycle management resulting in decreased revenue and

lengthened go-to-market.

Business intelligence initiatives that do not deliver the expected benefits

KPI/Management/ad hoc reporting that may not accurately reflect your business

situation and the impact of this on strategic decision making

Problems in complying with increasing regulations, reporting requirements and

privacy legislation, which require data integrity and data quality

Author : Dev Shetty, Founder of Querity Software Visit: http://www.queritysoftware.com

Following are the tips I would suggest that are likely to improve business and

operational efficiency.

1. Data management: Efficiency can be measured as ratio between the input to run the

business operation and output gained from business. Considering all other inputs

remain constant, if you increase quality of input, in this case it is data supplied to

business processes of enterprise systems, the organization can improve productivity.

2. Reduce business system disruption: Currently in many organizations, business

disruption caused by bad data typically takes anywhere between couple of weeks to

months to fix. This can be improved by new processes and tools.

3. Improve work performance: Provide employees access to information anywhere,

anytime and enable them to communicate and share. If your company has many

enterprise systems there is need for access information anywhere, anytime and real

time.

4. Faster & accurate decision making: Provide employees access to key decision

making information such as current business situation like inventory levels at different

locations or systems etc.

5. Process driven master data governance: Utilize process driven master data tools,

procedures, policies. Standardize and document your master data based on business

processes. This has become increasingly important because of the variation in master

data based on systems, geography, region, product lines, business processes etc.