Are Inefficient Processes Costing You Money?
Inefficient processes can emerge within a business for various reasons and can lead to an immense waste of time, money and other resources.
For example, over-formulation of control mechanisms can affect efficiency.
Although some level of control is a good thing, optimization is key. The overuse of CMs can create duplicated effort and/or unnecessary bureaucracy.
Another possible reason for inefficient processes comes with the introduction of a process that has been made too hastily, based on an impromptu decision without keeping
the whole business in mind.
A business process improvement strategy is always recommended for any enterprise with the implementation of business intelligence, business activity monitoring and process discovery.
Process auditing can be a significant task; however, some of the basic questions related to processes can include:
This question may be broad, but there should be a common method across the organization involving cross-functional collaboration. Moreover, although processes may look good "on paper", how the process is operationalized is key. In other words, do the processes translate well into the actual operation?
This follows from the first question in that once processes are in place, is there some way of measuring whether the processes are working. If not, how are they re-engineered so that they do? Implementation is one thing, but processes should be monitored to make sure they are working as expected.
In the development of any processes, this is a basic question that can save a lot of money, time and effort.