Many of us are familiar with the importance of Voice of the Customer (VOC). Thanks to process improvement methods like Six Sigma that emphasise VOC. Voice of the Customers helps in understanding what's important to customers. And helps in aligning services and process outcomes to those expectations. Along with VOC, we should also pay attention… Continue reading Voice of the Customers (VOC) vs. Voice of Non-Customers (VONC)
Knowledge is for investigation, not for belief Knowledge management system (KMS) is the brain of organization. Like the human brain captures knowledge using different senses, KMS should capture Organisational knowledge through different channels. Like we use our own judgement in applying our knowledge in the right way, organizations should also build systems and culture to… Continue reading Making Sense of Knowledge Management
Mantras for successful transformation initiatives can be broadly put into buckets: People and culture related Process and technology related Here are a few mantras while planning process and technology changes: Focus on simplification Not just an incremental improvement. Simplify significantly. Take it as an opportunity to rethink and redesign. Focus on all the aspects, including product,… Continue reading Mantras for Successful Transformation Initiatives – Part 1
I came across an interesting article in hbr.org recently which brought back some thoughts based on the work that I did earlier in this area: Often, we look at the challenges faced by brick and mortar retailers from price perspective especially in the wake of the increased success of online stores. Yes, price definitely is a factor, especially for so-called commodity… Continue reading How can brick and mortar retailers fight competition from online retailers?
Data, statistics, and analytics have been an integral part of manufacturing for a long time, especially in improving quality of products using techniques like statistical process controls, lean, six sigma etc. process simulations product performance analysis artificial intelligence methods for process planning, assembly line balancing etc. An article by McKinsey presents how use of advanced… Continue reading Advanced Analytics in Manufacturing
Many organizations are initiating data and analytics programs with a hope to improve revenues, customer engagement, and profitability. In their pursuit to achieve these objectives, some of them usually focus more on tools and technology capabilities. These organizations assume that investing in tools and technology alone will deliver the outcomes. However, a recent McKinsey study… Continue reading Data and Analytics Programs – Looking Beyond Tools and Technical Capabilities
Utilisation is one of the common metrics in operations management – be it human resources or any other resources. It is usually calculated as a ratio of 'utilized efforts or hours' to 'total available efforts or hours'. While it is important to optimise utilization of resources, we should also focus on how much of that resource… Continue reading Shifting focus from ‘Utilization’ to ‘Productive Utilisation’
Risk Management has become a critical function in every organization with rapid changes in business models, technologies, customer expectations, and competition. Added to this are the regulatory and compliance requirements. In such a scenario, focusing on the following will help improve the overall effectiveness of Risk Management function: An inclusive approach that engages process owners… Continue reading Improving Effectiveness Of Risk Management
We tend to treat “we have always done it this way” response from people to a proposed change as negative. While I respect the intent behind that perception, I strongly feel that it’s a great opportunity. Let me explain. The moment someone says this, treat it as a genuine curiosity to know – why change… Continue reading “We have always done it this way” is that a negative statement? Not Really.
Ideas for innovation may come from various sources, including: Internal employees as well as customers Within the industry as well as other industries Customers of the organization as well as non-customers All these ideas can be broadly categorized into the following three buckets. Reactive Pain areas or issues or problems in the current system Things… Continue reading Channels for Innovation Ideas