How well is your business organised?
An operations strategy details how your products and services are made and delivered to customers. It specifies the location of work facilities, supplier terms, recruitment needs, equipment and technology, production process, quality control, etc. Its main goal is to ensure the optimal use of financial and other resources.
Operational efficiency can be increased either by achieving better results with the same amount of resources or by achieving the same results with fewer resources.
Common operations issues
- bottlenecks in production or distribution
- tasks that don’t add value
- excessive waste of time or resources
- untrained employees
- productivity lower than the industry average, etc.