Many organizations track their key performance indicators (KPIs) using a balanced scorecard approach. The collected feedback gives high-level leaders a way of monitoring the total health of an organization on a regular basis.
We all know that two heads are generally better than one. In the areas of continuous improvement (CI) and operational excellence (OpEx), the collaboration of people working in teams is particularly valuable in driving synergy and delivering better results faster.
Operational excellence (OpEx) can be a mystery for some people. While OpEx doesn’t have a precise definition that is fully transferable from one organization to another, certain approaches for OpEx implementation are defined. The degree to which operational excellence is achieved varies and is not an exact comparison from one team to another, but it can be measured against various auditing checklists.
Tags: Operational Excellence
Developing a culture of continuous improvement (CI) is one way that top-performing companies differentiate from their peers by enabling them to grow revenues and drive cost out of their business long after others have plateaued. However, creating sustainable continuous improvement is a significant challenge for organizations of all sizes irrespective of where they stand in their CI journey.
Most organizations pursuing implementation of continuous improvement (CI) will follow some variant of the Deming Cycle for their CI model:
Plan ➔ Do ➔ Check ➔ Act
Tags: Continuous Improvement