Streamlining business process will help ALL businesses to eliminate inefficiencies, reduce cost, improve revenue. Identify key processes; e.g. Opportunity, Sales, Procurement, Inventory, Shipping, Operations, that will provide the most bang for the buck. Don’t try to boil the ocean !! If you are not sure, you may enlist the help of a business process consultant. You may be surprised, it won’t cost much to hire one…
Streamlined business process produce clean data that can be consolidated and harvested to produce intelligent analytics, which would help you with your strategy, decision making and operations.
So, let’s take a look at some of the ways you can streamline important business data and workflows.
Majority of Small Businesses use Spreadsheets, one of the most popular tools, but spreadsheets spread the data everywhere !! Workflow Automation tools help businesses in streamlining internal processes and hence consolidate data. It’s a effective way for coordinating the work between departments and setting clear instructions as to who does what and when.
Break Down Your Processes
Documenting the processes is a good practice. It helps to identify the processes in terms of importance, priority, and understand which processes are inter-dependent, and the order in which the processes need to be executed. Once that’s done, you will have a good insight into how each process works and how it can be streamlined. Final Step: Optimize & Refine
Even with automation in place for streamlining the business processes and collection of data, the businesses keep evolving, leading to a need to keep the automation steps in sync with the evolution. Modern BPM tools or custom built solutions play an important role in handling the processes and workflows, and thereby improving the efficiency.
As always, if you need to discuss further, please reach out to us.