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.