Enterprises can’t afford inefficiency.
Complex and outdated business processes increase effort, slow down the tempo of operations and shrink margins. Mature businesses need to keep an eye out for potential profit thieves, but young companies on the rise must also be wary. As an organization grows, profits will only follow if it gains efficiencies as it expands. A critical task for companies of all sizes: identify cumbersome modes of doing business and convert the wasted effort back into income.
Here is a short list of business processes that may be causing you problems. These problem processes should not be overlooked:
