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 components of operational excellence


Sustained Growth through Operational Excellence: Spotlight on Operations
Embarking on an operational excellence strategy should not be undertaken lightly. As with most company-wide initiatives, success requires planning, commitment

components of operational excellence  about its most important components and benefits. The more operational excellence experience they have, the more likely respondents are to rate end-to-end visibility as its most important element. Respondents with less experience tend to give the top ranking to the ability to add value for customers. This is not to suggest that experience with operational excellence diverts focus from customer value. On the contrary, it indicates that within an established operational excellence strategy, customer value

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Business Performance Management

Business performance management (BPM) enables organizations to translate strategies into plans, monitor execution, and provide insight needed to manage and improve financial and operational performance. This knowledge base covers scorecards, dashboards, business activity monitoring, and more.  

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Documents related to » components of operational excellence

Operational Excellence: The New Lever for Profitability and Competitive Advantage


Better. Faster. Cheaper. Every company is grappling with these concepts today as economic uncertainty spreads. Though many are focusing on what to eliminate in their operations, leading firms are redoubling their efforts to find new ways to execute with greater efficiency—to achieve operational excellence without sacrificing the value their customers expect. Learn more about improving your strategic competitive advantage.

components of operational excellence  than 87%. The Three Components of Operational Excellence As we see it, operational excellence involves three factors. First, it means having the strategy management capability to identify and focus on the right things those that will provide differentiated value to your customers. Second, it involves being excellent in executing that strategy consistently doing these right things better, faster, and cheaper. Finally and perhaps most important it involves having the ability to ensure continuous Read More

The Next R(E)volution of Lean


By seeing a business as a "value system" for customers, companies can shift lean strategic priorities towards growth-oriented targets instead of cost-cutting. Instead of squeezing additional margins to boost the bottom line, lean philosophy can increase demand response and sales, while maintaining and lowering cost per unit—thus enabling lower prices, a competitive edge, and more business.

components of operational excellence  value streams will include components of all four types of Process Areas: Management Oversight, Customer, Product and Support. It's important to note that most, if not all, business transactions cross process boundaries. Consider that Customer Service occurs most often after Delivery, which only occurs after Sales, only possibly after Assemble/Manufacture, which can't proceed without R&D and Supplier Management, which only occurred because of Marketing promotions, and all this only because there was Read More

Enhancing Lean Practices: Lean Adoption in the Industrial Machinery and Components Industry


Customer churn rates are higher than ever: although businesses say they are devoted to loyalty, their management systems and budgets do not support that claim. But in a landscape of similar products, cutting down on defection—or churn—is vital. There are in fact four steps to improving loyalty and retention which, if focused on the appropriate customers, will improve profitability.

components of operational excellence  for Industrial Machinery & Components (SAP for IM&C) is a comprehensive set of solutions designed to integrate and streamline your enterprise, increase competitive advantage, and reduce costs. Source : SAP Resources Related to Lean Adoption in the Industrial Machinery and Components Industry : Lean manufacturing (Wikipedia) Industrial Machinery (Wikipedia) Enhancing Lean Practices: Lean Adoption in the Industrial Machinery and Components Industry Industrial Machinery and Components Industry are also Read More

Measuring the Business Value of IT


Many organizations do a poor job of measuring the business value of their IT investments. Simple financial metrics are not good enough. But there are a number of consistent, repeatable, and credible measurement methodologies that hold both business users and IT departments accountable. Compare four methodologies, and learn how adding one of them to your overall governance framework can improve your IT investment returns.

components of operational excellence  risk on the individual components of the cost and benefits, an expected value for this range of possible outcomes can be determined. This provides risk-adjusted costs and risk-adjusted benefits which can be used to communicate a risk-adjusted ROI. TEI Considerations And Example TEI is a more rigorous methodology than BVI but can be customized based on clients' specific requirements. Consider that: TEI requires a commitment. The depth and scope of TEI requires a significant commitment of effort on Read More

Fear of the Unknown, the Art of War, and Competitiveness


It is not unusual to use the metaphor of war to construct theories of business competition—substituting competing vendors for the mortal enemy. But what about the enemy within? And what if it is in fact a company's strongest resource?

components of operational excellence  of the Unknown, the Art of War, and Competitiveness A man goes to knowledge as he goes to war, wide awake, with fear, with respect and with absolute assurance. Going to knowledge or going to war in any other manner is a mistake, and whoever makes it, will live to regret his steps. The Teachings of Don Juan , Carlos Castaneda It is a natural human reaction to fear the unknown. Perhaps these feelings are a self-protecting mechanism, and necessary to maintain the s tatus quo , to preserve feelings of Read More

The Case of A Boutique Vendor's Benefits of Focus - IRM Corporation


A tightly focused vendor, IRM Corporation, has fine tuned its products, services, its sales process and even its commercial terms to match the realities of its sole market – food manufacturers who sell to the foodservice and vending markets.

components of operational excellence  Case of A Boutique Vendor's Benefits of Focus - IRM Corporation Introduction A tightly focused vendor, IRM Corporation ( www.irm-net.com ), has fine tuned its products, services, its sales process and even its commercial terms to match the realities of its sole market food manufacturers who sell to the foodservice and vending markets. The Company In the article Boutique Vendors Bring Big Value we discussed how focus can create highly specialized solutions that better serve their niche markets. Our Read More

Operational BI


By adopting traditional business intelligence (BI) tools, companies have gained valuable insights into past activities and results. However, with operational BI that is different from standard and tactical BI, promptness of information and data in real-time or near real-time is established. Learn how operational BI can boost the timeliness and accuracy of business decisions, and improve operational efficiency and results.

components of operational excellence  BI By adopting traditional business intelligence (BI) tools, companies have gained valuable insights into past activities and results. However, with operational BI that is different from standard and tactical BI, promptness of information and data in real-time or near real-time is established. Learn how operational BI can boost the timeliness and accuracy of business decisions, and improve operational efficiency and results. Read More

In Defense of Data Centers: The Positive Role IT Can Play in the Greening of Business


Corporate concern for the environment is no longer just an issue of compliancy. Businesses are becoming increasingly concerned about how much energy is required by their IT operations, especially by their data centers. Greening IT starts in the data center: find out how data center consolidation—and other solutions—can help you reduce energy consumption, and even increase productivity and efficiency.

components of operational excellence  Defense of Data Centers: The Positive Role IT Can Play in the Greening of Business Corporate concern for the environment is no longer just an issue of compliancy. Businesses are becoming increasingly concerned about how much energy is required by their IT operations, especially by their data centers. Greening IT starts in the data center: find out how data center consolidation—and other solutions—can help you reduce energy consumption, and even increase productivity and efficiency. Read More

Never Was A Story Of More Woe Than This Of RJR And Nabisco


The complex maneuvers involved in RJR’s divestiture of Nabisco will prove simple compared to the efforts required to join Kraft and Nabisco in a way that ensures future success.

components of operational excellence  review of these new components, a redefinition of business processes that encompasses all of them, and a selective pruning of existing systems to support the result, there can be no chance of Kraft-Nabisco realizing its ambitious $600 million in cost-savings. User Recommendations Corporations who may be pondering a merger should strive to understand the scale of disparity in business processes and technology before committing to the deal. Often, it is only months after the closing that companies put Read More

Confessions of a Techno Junkie


Ideas on how to survive the avalanche of technology, avoid the lure of its pitfalls, and succeed with it as the enabler to true process innovation.

components of operational excellence  chain trading company for components. Mr. Childs graduated Summa Cum Laude from the University of Texas and has worked towards an MBA at St. Edward's Univ., Austin , TX . Mr. Childs is APICS certified (CPIM, CIRM). ChainLink Research is a bold new supply chain research organization dedicated to helping executives improve business performance and competitiveness. Read More

SouthWare Excellence Series: Making Excellence Easier Part Five: Competitive Analysis and User Recommendations


Most products have moved toward support for business management functions and exception management. SouthWare has embraced this concept at all levels, providing users executive information systems, exception management, task management, and even performance assessment.

components of operational excellence  Excellence Series: Making Excellence Easier Part Five: Competitive Analysis and User Recommendations SouthWare Excellence Series: Making Excellence Easier Part Five: Competitive Analysis and User Recommendations Featured Author - Charles Chewning Jr. - January 8, 2005 Competitive Analysis The process of selecting mid-market accounting software usually starts with products that have achieved some name recognition and that's fine as long as the search does not end there. SouthWare Innovations ( Read More

The Art Of Distributed Development Of Multi-Lingual Three-Tier Internet Applications


In this article we describe author's experience with the distributed development of multi-lingual three-tier Java/ CORBA/database Internet applications. We believe that the described tips and tricks of trade may be of great use to readers who are involved with Java applications development.

components of operational excellence  all software and hardware components needed to replicate the production system at the development site. We believe that tips and tricks of trade described in this article could be of great use to other software developers. About the Author Dr. Dragomir D. Dimitrijevic ( http://solair.eunet.yu/~ddimitri ) received BS and MS degrees in EE from the School of Electrical Engineering, University of Belgrade , and a Ph.D. in CS from Polytechnic University , Brooklyn, NY. His extensive experience in software Read More

The Integration Factor: The Inherent Value of Best-of-Class Enterprise Solutions


Monolithic ERP systems have proved inflexible in a period of change. The cost of maintenance and modifications are often prohibitively expensive. Yet most best-of-class applications generally lack strong integration tools. As a result, many companies cannot support change effectively. See how you can supplement the capabilities of your legacy ERP solutions with a flexible, innovative financial management system-and thrive during change.

components of operational excellence  Integration Factor: The Inherent Value of Best-of-Class Enterprise Solutions Monolithic ERP systems have proved inflexible in a period of change. The cost of maintenance and modifications are often prohibitively expensive. Yet most best-of-class applications generally lack strong integration tools. As a result, many companies cannot support change effectively. See how you can supplement the capabilities of your legacy ERP solutions with a flexible, innovative financial management system-and thrive Read More

A Spoonful of SugarCRMCase Study and Review of an Open Source CRM Solution


SugarCRM is a rapidly growing open source CRM company with solutions that appeal to a community of enthusiastic users. This study, based on a client who selected the Sugar Sales Professional CRM solution, compares product functionality to the competition and highlights some of SugarCRM's open source business practices.

components of operational excellence  Spoonful of SugarCRMCase Study and Review of an Open Source CRM Solution Company Overview SugarCRM is a relatively young company hoping to be the sweet spot on the menu of CRM solutions. Based in San Jose, California (US), the company was founded by John Roberts, Clint Oram, and Jacob Taylor, who brought skills from their backgrounds with E.piphany, BroadVision, Baan, and IBM to the company. SugarCRM provides a number of CRM products, which are based on its open source core product, Sugar Sales . The Read More