Increase profits with process improvement
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Increase Profits PROCESS IMPROVEMENT “I shall try to correct errors when shown to be errors, and I shall adopt new views so fast as they appear to be true views“ - Abraham Lincoln www.xzealgs.com; [email protected]; 770-628- 0928; Blog: http://xzealgs.com/profit-lean-budget 06/27/2022 1
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This presentation demonstrates how to reduce waste and increase profits. Any business can benefit from this presentation.
Transcript of Increase profits with process improvement
04/14/2023www.xzealgs.com; [email protected]; 770-628-0928; Blog: http://xzealgs.com/profit-lean-budget
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Increase ProfitsPROCESS IMPROVEMENT
“I shall try to correct errors when shown to be errors, and I shall adopt new views so fast as they appear to be true views“
- Abraham Lincoln
04/14/2023www.xzealgs.com; [email protected]; 770-628-0928; Blog: http://xzealgs.com/profit-lean-budget
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Sustain GrowReturn of investment
Budget Cuts
Scarce Resources
Lay offs
Business Goals
04/14/2023www.xzealgs.com; [email protected]; 770-628-0928; Blog: http://xzealgs.com/profit-lean-budget
3 What is Process Improvement ?
Review current process
Identify non-value added
activities
Eliminate waste
Implement changes
“To discover new ways of doing something - look at a process as though you were seeing it either for the first or last time”
-Mitchel Martin
Changing the current way of doing things
04/14/2023www.xzealgs.com; [email protected]; 770-628-0928; Blog: http://xzealgs.com/profit-lean-budget
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Holistic approach to problem resolution
What is Process Improvement ?
04/14/2023www.xzealgs.com; [email protected]; 770-628-0928; Blog: http://xzealgs.com/profit-lean-budget
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Competitive
advantage
Dissatisfied
customers
Meet deadline
s
Increase ROI
Compliance
Quality
Reduce time to market
Budget cuts
What problems can be solved?
04/14/2023www.xzealgs.com; [email protected]; 770-628-0928; Blog: http://xzealgs.com/profit-lean-budget
6 What does it take?
Money
People
Time
Management Support
04/14/2023www.xzealgs.com; [email protected]; 770-628-0928; Blog: http://xzealgs.com/profit-lean-budget
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Use top down approach Select the process needing
immediate attention Narrow down the process to
improve Engage an expert
How to start?Increase ROI
Customer Satisfaction
Increase quality
“Think big, see small and scale fast”
04/14/2023www.xzealgs.com; [email protected]; 770-628-0928; Blog: http://xzealgs.com/profit-lean-budget
8 How to Start?
Estimate resources
Quantify value
Showcase value to management
04/14/2023www.xzealgs.com; [email protected]; 770-628-0928; Blog: http://xzealgs.com/profit-lean-budget
9 Who does it?
Project by Project Manager
Process Expert Project Team
04/14/2023www.xzealgs.com; [email protected]; 770-628-0928; Blog: http://xzealgs.com/profit-lean-budget
10 What is done?
Investigate people
04/14/2023www.xzealgs.com; [email protected]; 770-628-0928; Blog: http://xzealgs.com/profit-lean-budget
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Investigate process
What is done?
04/14/2023www.xzealgs.com; [email protected]; 770-628-0928; Blog: http://xzealgs.com/profit-lean-budget
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Investigate systems
What is Done?
04/14/2023www.xzealgs.com; [email protected]; 770-628-0928; Blog: http://xzealgs.com/profit-lean-budget
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Investigate culture
What is Done?
04/14/2023www.xzealgs.com; [email protected]; 770-628-0928; Blog: http://xzealgs.com/profit-lean-budget
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Gap analysis Device solutions Design new process Implement changes Change management
What is Done?
04/14/2023www.xzealgs.com; [email protected]; 770-628-0928; Blog: http://xzealgs.com/profit-lean-budget
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Monitor results Measure performance Make adjustments
Continuous Process Improvement
04/14/2023www.xzealgs.com; [email protected]; 770-628-0928; Blog: http://xzealgs.com/profit-lean-budget
16 In a Nut Shell
04/14/2023www.xzealgs.com; [email protected]; 770-628-0928; Blog: http://xzealgs.com/profit-lean-budget
17What is the Outcome?
Reduced costs
Increased quality
Increased efficiency
Increased effectiveness
Return of investment
Value delivered to all stakeholders
04/14/2023www.xzealgs.com; [email protected]; 770-628-0928; Blog: http://xzealgs.com/profit-lean-budget
18Free business problem assessment
04/14/2023www.xzealgs.com; [email protected]; 770-628-0928; Blog: http://xzealgs.com/profit-lean-budget
19 Blog & video: http://xzealgs.com/profit-lean-budgetFollow us: https://www.facebook.com/xzealgs?ref=hlhttps://twitter.com/Shob_SKhttps://plus.google.com/101219078535557245250/posts (https://www.youtube.com/channel/UCsyWvqzkUszZTbzUqtRfbrg/about?edit_links=1#c4-primary-header-contents)
