Standardization is an important concept in lean methodology. It is the concept that everyone who processes the same thing should do it in the same best way. Read our latest insights to learn how to overcome the 4 challenges to standardization.
Most successful organizations have inward focused metrics in place to measure key variables and monitor financial results. However, many fail to look outward to suppliers who play a critical role in an organization’s performance. Late deliveries, missing products, and quality issues from suppliers are just a few of many issues that can arise and have… read more →
According to a recent report, M&A activity is expected to increase and gain momentum in 2016, especially in the energy and mining industries, for some strategic and advantageous consolidations. M&A activity can signal a great opportunity for companies. However, they have to be managed effectively. According to a Forbes article, more than half of M&A transactions… read more →
Measuring the productivity of employees is undeniably important in allowing managers to actively manage, diagnose problems, and incentivize improvement. However, measuring individual productivity is not always as simple as output volume/labor hours. It is not uncommon to find businesses overstating individual productivity by including non-productive tasks in their output measurement. Activities such as rework, unnecessary… read more →
Organizations succeed or fail based on their capability to set, track, and enforce key performance indicators (KPIs). KPIs are widely considered as measures by which businesses evaluate whether their actual performance is in line with their strategic business goals. However, if an organization’s KPIs can’t be easily tracked, quantified, and tied to an organization’s bottom… read more →
Working at Trindent Consulting, an operational improvement consulting firm exposes me daily to the power and value of analytics. While businesses have embraced predictive analytics, HR professionals have struggled over the years just to prove ourselves as business partners. To be more aligned we started to report numbers, which became data which became metrics. It… read more →