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A common challenge that Trindent tackles in financial services engagements is rework caused by excessive processing, an inefficiency that results from an attempt to artificially create quality control. Quality control is a vital part of any service or product, and as such, should have its own established process, system and behavior component. Relying on… read more →
Previous articles in this series dealt with the challenges of identifying outdated and inefficient processes, the effects that suboptimal processes have on the profitability and competitive position of a company, as well as some of the tools that can be used to identify and improve those processes. But what happens once you implement those improvements? … read more →
In today’s digital age, the real estate that businesses pursue is not property, but attention. We live in an era of information and distraction, with myriad points of stimuli constantly competing for our attention. Nowhere does this have more impact than in the workplace where its effect on productivity can be significant. Not All… read more →
An outdated or inefficient process can have a greater impact on an organization than management realizes. Previous articles in this series looked at the challenge of identifying inefficient processes. This article will discuss the impact on organizations if they don’t make the effort to root inefficiencies out and correct them. Increased Costs One of the… read more →
In any organization, there is always a natural bias towards performing a task “the way it’s always been done”. This line is notorious in the consulting world and for good reason: Status quo leads to a lack of awareness of inefficiencies, causing frustration for staff and a loss of profits for the corporation. It can… read more →
When solving problems, management consultants rely on facts; and their most trusted source for facts is numbers. Numbers hold great power because they cannot be disputed. In a consulting engagement, numbers are used at every step. From reviewing a client’s baseline in order to identify business opportunities at the outset, to calculating savings from… read more →
