6 Sigma Categories
Business & Career Improvement
How Lean Processes Can Propel Your Business to Success
- Categorized in: Lean 6 Sigma
Like most business owners, you might be under the mistaken belief that you haven’t reached your projected goals simply because you aren’t selling enough. Irrespective of what product or service you offer your market, a lot of your commercial short-comings may be production related rather than sales related. Lean processes can help you experience tremendous increases in your profits, even before you enhance your customer base.
A lot of companies are using productivity strategies that are outdated. They adhere to old methodologies because they have performed well in the past. This, however, does not account for the major improvements and innovations that are currently available and the different ways in which these quality improvement strategies can streamline your business. With a smaller and more efficient staff, fewer technical tools that are going to waste, and a greater emphasis on your bottom line, there will be marked less waste in your overall operations.
This might not be an easy concept for some parties to grasp given a stubborn resolve to maintain their business practices, but there are a few undeniably clear examples that can change your way of thinking. For instance, you might be using outbound marketing strategies because they were once the standard for your industry. Whether these are mass mailing, fliers, or other physical outreach efforts, they are easily trumped by marketing that is performed in virtual space.
Online marketing practices are far less time-consuming and they can have an exponential impact on your available market. You will invest less, receive more, and spend far less time and effort in the process. While you might be getting a nominal response from outreach efforts, this is not as remarkable as the returns that more innovative approaches can produce. When you think about it, door to door vacuum salesmen hardly exist anymore. This is because vacuum manufacturers can get better results by posting online informational videos and other web-based marketing materials, even as they spend far less money.
In an office setting, however, waste can be present in many areas. Staff members may be performing tasks that other team members are doing as well. The same document could be photocopied and filed a variety of times in a single office, even though digital copies of this same document are available through the shared office network to all parties. This is a waste of manpower, paper and office equipment among other things.
The first part of creating leaner operations is identifying areas in which your business is not at its most efficient. This means assigning new tasks to team members, empowering managers to implement changes and being open to suggestions and feedback. Companies will also need to take stock of their commercial assets to learn whether these things are being put to the best use.
These things add up and they have a definite impact on how profitable your company is. The same is true for outsourcing. Although outsourcing can be good, it is not always necessary, especially if there are qualified team members on staff with not enough to do.
Implementing lean processes is not just about recognizing an improved profit margin. These strategies may be necessary for keeping your company afloat. During tough economic climates, every cent counts and it is important to ensure that you are doing all you can to protect your earnings and your business overall.