Process Improvement
Process Improvement is the task of identifying, analyzing and improving upon existing business processes within an organization for optimization and to meet new quotas or standards of delivery; be it quality, cost or time. It often involves a systematic approach which follows a specific methodology but there are different approaches to be considered.
Processes can either be modified or complemented with sub-processes or even eliminated for the ultimate goal of improvement.
The Process
- Select process and establish objective
- Organize team
- Map current process
- Identify root causes and constraints
- Simplify Process
- Evaluate process stability and make changes
- Test change and monitor results
- Standardize process
- Implement changes and monitor results
What does the Process Improvement achieve?
- Reduces costs
- Improves margins
- Improves competitiveness
- Improves ROI
