Inventory management is at the core of each business’ trading activity, a key component of supply chain management. It is a vital process of monitoring, managing, and controlling the stock items of your company. It won’t be an exaggeration if we claim that it is the center of all trading activities within a company – […]

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You’ve heard about Lean, the business approach behind Toyota’s success. Achieving more by using fewer resources is just what you want. You love the idea of Kaizen (continuous improvement), and you’re ready to implement these philosophies into the way you work.  It’s time to stock your toolkit with the lean process improvement tools that have […]

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The Pareto chart analysis is a statistical graphical technique used to map and rank business process problems starting from the most frequent to the least frequent with the ultimate goal of focusing efforts on the factors that produce the greatest impact overall. To do this effectively, it utilizes the Pareto Principle, which is most predominantly […]

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The word business process is used everyday in various business scenarios. Business after all, has such a wide variety of applications. As such, the range of business processes has become vaster and vaster each day. When you decide to examine your business processes and formulate strategic priorities for business process improvement, you’ll find that even […]

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To stay competitive in your industry, it’s essential to constantly analyze & improve your business processes. This allows your business to operate as efficiently as possible, minimizing your expenses and maximizing profits. Process improvement, however, isn’t all that easy. Around 50% to 70% of all initiatives end up failing. This can be for a variety […]

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A process flowchart is a graphical representation of a business process through a flowchart. It’s used as a means of getting a top-down understanding of how a process works, what steps it consists of, what events change outcomes, and so on. How to Use This Guide If you want to learn just about everything about […]

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You’re looking into process improvement, and BPM (Business Process Management) sounds like a great idea to fine-tune the way you work. But now, you discover a whole lot of buzzwords and terminology, and one of these is “end to end process.” You’ve probably worked out what, exactly, the term means – the act of defining […]

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Procedures are essential for making your business as efficient as possible. Your business already has processes – they’re the repeatable work your employees do every day. Think, approving an invoice, fulfilling orders, etc. A Standard Operating Procedure (SOP) is, on the other hand, the documentation of the process. It helps establish things like what are […]

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No matter how efficiently your business carries out its processes, there’s always room for process improvement. Efficient processes can make your business more profitable, help you to improve quality and customer experience, and ultimately, enhance customer satisfaction and loyalty. To successfully improve your processes, you need to appoint process owners. To understand the key role […]

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Quality management is a topic that is close to any business owner and manager’s heart. Whatever business we undertake, we want to do it well – and if we can be the best, outdoing all our competitors, so much the better. Dr. W. Edwards Deming, a respected academic, engineer, business consultant, and author also felt […]

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