070 – Minutes Matter, 3 Ways to Increase Efficiency
Minutes Matter
Practical Innovation that pays Big Bucks!
3 Ways to Increase Business Efficiency
Efficiency is doing the same work you do, in a faster AND better way
EFFICIENCY:
(especially of a system or machine) achieving maximum productivity with minimum wasted effort or expense.
MINIMUM WASTE!
(of a person) working in a well-organized and competent way.
MINIMUM WASTE!
THERE is so much waste in every business!
- Time – labor is the highest expense of almost all businesses
How do you create efficiency?
Innovate.
Innovation: ongoing systems development. This promotes continuous learning, growth and the improvement of individuals and organizations.
IT IS PROCESS IMPROVEMENT
THE REASON TO CREATE A PROCESS – IS SO THAT YOU CAN IMPROVE IT
3 Ways to Increase Business Efficiency
- Eliminate bottlenecks
Anything that slows down the process – – –
Awesome quote: 5% of total elapsed time is the actual time to do the work
In the book – Reengineering the Corporation – the story of processing a credit app. It was taking 4 days to do the whole process
- They wanted to reduce this time
- Instead of the normal process of sending it from department to department for their piece of the process – someone physically walked the application through the process
- They reduced the Elapsed time indeed – One day reduction? Two? No, the whole process took 20 minutes –
- The rest of the time was bottlenecks – sitting in peoples to do stack.
Reduce the Cycle time of a process – the steps from beginning to end
You do this by finding and eliminating bottlenecks
Bottlenecks can be
- People OR
- Processes
- Eliminate tasks that don’t need doing
There’s no so useless as to do with great efficiency something that does not need doing
WOW, read that again!
DEMING!
Here is a super quick way to Increase efficiency and Profit! STOP doing some of the things you are doing now!
Look at every task and ASK, “Why are we doing this?”
Industry Norms! Sacred COWS!
Sacred Cows make the best hamburger
- Eliminate Rework
Can you pull off a Zero-defect installation?
Zero Defect means
Zero Defects was a management-led program to eliminate defects in industrial production
What’s the Metaphor for an installation for you?
What does Production look like?
What is your work – what is a process that frequently needs someone to go back again and redo it
Another way to consider – KEY Frustration.
Minutes Matter!
