Strategy Driven

OCTOBER 11, 2023

For small business owners, reducing operational costs is essential for the success of the company. Fortunately, there are several strategies to use for reducing operational costs and ensuring that a small business remains profitable. Below are eight effective ways to reduce operational costs in your small business.

Operations 106

Operations Cost Lean Manufacturing Outsourcing 106

Harvard Business Review

MAY 31, 2016

Operations in a Connected World. Back in the 1980s and 1990s, lean manufacturing was the Big New Idea and it seemed like everyone was learning new tools with Japanese names. ” Insight Center. Sponsored by Accenture. The technologies and processes that are transforming companies. It’s a familiar story.

Operations 8

Operations Lean Manufacturing Technology Software 8

Harvard Business Review

AUGUST 27, 2012

Irrespective of the value of the information, how often is it relevant to you at that moment? A lesson from lean manufacturing. One of the critical steps in lean manufacturing (or bringing lean to any other process, for that matter) is shifting to a "pull" system. How to create a "pull" system.

Lean Manufacturing 12

Lean Manufacturing How To System Software 12

Harvard Business Review

SEPTEMBER 16, 2011

We use vague terms like "line" and "dotted-line" or "team" and expect managers to be able to function effectively. Another relationship is policy/operator. One unit, such as finance or HR, sets policy, often in consultation with operating units. Once the policy is set, the operating units must execute it.

Lean Manufacturing 13

Lean Manufacturing Policies Operations Long-term 13

Harvard Business Review

FEBRUARY 16, 2017

Cleaning up data downstream is expensive and not scalable, because data is a byproduct of business processes and operations like marketing, sales, plant operations, and so on. CEOs are increasingly adding the CDO role to their management teams to tackle the big business issues that come with data. Here’s an example.

Company 8

Company Lean Manufacturing Compliance Quality 8

Harvard Business Review

MAY 28, 2015

Robotics is a good example: It’s obvious that it can increase productivity, but it takes some know-how to put robots to work. Managers constantly try to fit new market needs to existing processes and routines. Managers constantly try to fit new market needs to existing processes and routines. The Future of Operations.

Technology 8

Technology Depreciation Christensen Short-term 8