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 122

Operations Cost Lean Manufacturing Outsourcing 122

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. He summarized the issue very simply: “We can automate mathematics, we can automate design decisions, but we cannot automate changes in human behavior.”

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

But just as we need to know whether the evening we are about to spend is with our mother-in-law or a university buddy, managers inside organizations need to know whether the meeting they are about to have with a manufacturing expert is with an internal supplier, a team member, or a lobbyist for lean manufacturing.

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. This requires close collaboration with the operating units and IT. The same manufacturer analyzed the historical performance of its large IT projects.

Company 8

Company Lean Manufacturing Compliance Quality 8

Harvard Business Review

SEPTEMBER 26, 2013

Rethinking the time-honored processes upon which our daily operations depended would require overcoming the complacency that pervades many large academic medical centers. We enlisted experts in operational effectiveness and service excellence, and both leaders and front line staff were trained on the principles of lean manufacturing.

Health Care 8

Health Care Ishikawa Lean Manufacturing Early Adopters 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. The Future of Operations. automakers took decades to adopt lean production methods despite the obvious benefits from increased productivity and lower work-in-process inventory. Insight Center.

Technology 8

Technology Depreciation Christensen Short-term 8