When you decide to partner with a process improvement consultant you want to be sure about several items before you begin to work together. Before you come even close to making a decision be sure to review the consultant’s track record. He or she should have quantifiable proof of what they have done for other businesses. The important part of their previous consulting jobs is to review the before-and-after snapshots of previous contracts. A proven track record is worth much more than hollow promises and blustery language.
It may not matter whether your new consultant has worked in an industry like yours in the past. It’s best not to limit your options by only looking for consultants who have direct experience in your industry or niche. If you use industry experience as your main criterion for choosing your process improvement consultant you are imposing false limits on our choices. That’s because you have a whole company full of employees who are thoroughly knowledgeable about your business, so there’s little need to choose a consultant on that metric alone. The primary purpose of your consultant is to help your team learn how to make changes that lead to continuous improvement of the processes that are already in place.
Contact Pro Guide Management Resources when you are searching for the right process improvement consulting team. Visit ProGuide.biz for information on our consulting services.
The terms merger and acquisition are wedded together like other common word combinations such as salt and pepper or black and white. However, though they are often used interchangeably, they don’t mean the exact same things. A merger happens when two or more than two companies fuse together to form a new company. The merger that takes place is based on a mutual decision between the two companies. Often these merged companies are approximately the same size, and they may even adopt a new name to define the new business entity. Mergers occur when companies are combined. Two of the most common kinds of mergers are:
- Horizontal Merger: This kind of merger is when there is a consolidation of firms that are in the same industry.
- Vertical Merger: A vertical merger is when two or more of the combined companies are in different stages in the supply-chain process for the same good or service.
Acquisitions occur when one company “acquires” another. A new company is not created during an acquisition. The smaller company is typically consumed by the larger one. An acquisition is sometimes considered a “takeover” even if it isn’t always called that by the parties involved. Hostile takeovers are acquisitions that take place when one company takes over control of another without the agreement of the firm that is acquired.
Contact ProGuide at (954) 334-1275 or ProGuide.biz for strategic and knowledgeable mergers and acquisition consulting.
There’s always room for improvement in any business. That’s why assessments are conducted to help identify and implement major improvement opportunities. The purpose of an operations management process, in simple terms, is to produce solutions that improve performances throughout the company. Along the way, your business can benefit from having problems solved or having a plan in place to fix whatever is broken. Another benefit of an operations management assessment is that it includes everyone involved in the business, which means you get buy-in from employees, staff, management, and leadership personnel. Some of the most significant benefits to a comprehensive operations management assessment include:
- Identifying and Eliminating Waste
- Facilitating Continual Future Improvement
- Integrating Lean Environment Features
- Understanding Customer Needs
Make your business operations more effective and efficient when you focus on each function of providing a product or a service. You want to meet all of your business challenges by solving the problems and enhancing the opportunities.
Contact ProGuide, a leading business assessment firm, to conduct assessments that help take your business to a new level by increasing productivity, aiding systems with advanced technological knowledge, and reducing costs. We aim to help you stay in touch with the changing needs of your customers and improve customer service across the board.