Continuous improvement is a goal that many companies include in their strategies for success. In recent years, Lean Six Sigma, a manufacturing process management methodology, has been known to increase value and reduce waste in a number of organizations. The meaning of “Lean” in Lean Six Sigma has to do with a focus on eliminating waste, variation, and non-value-added tasks. Following the commitment to leanness, Six Sigma is undertaken as a data-driven approach to solving complex business problems that include defining, measuring, analyzing, improving, and controlling every level of the organization. Some of the many benefits of Lean Six Sigma implementation include the following:
- Elimination of Errors
- Improvement of Business Processes
- Applicable Across Industries
- Compliance Ensuring
- Encouragement of Managerial and Leadership Abilities
- Obtaining Hands-On Experience In Quality Management
- Improvement of Customer Service
- Increased Efficiency
The guidelines and principles of Lean Six Sigma can be used by any business to optimize and streamline internal processes and communication. A successful Lean Six Sigma program embodies results that instill ownership from everyone involved in the process.
To check out the benefits of Lean Six Sigma in Fort Lauderdale, visit ProGuide.biz, a leading consulting firm that helps companies improve their efficiency, quality, and customer service processes.
In general, mergers and acquisitions are considered a general global trend associated with a global corporate restructuring across industries. A vital part of any healthy economy, they are essential to many companies that need to provide returns to their owners and investors. There are a number of misconceptions about international mergers and acquisitions, which are deals or transactions that may be vital to the growth of a company that aims to penetrate new markets. Some of the largest misconceptions about international mergers and acquisitions are:
Across the Border Transactions Are Not Worth It.
Many companies find it profitable to conduct cross-border transactions whether they are on the buying or selling side. Of course, any company has to have the vision and resources to complete these deals.
Foreign Buyers Always Pay More for an Acquisition.
While there are instances in which foreign buyers may pay more for an acquisition in a different country to buy their way into a market, that is not always the case.
International Transactions Take a Long Time.
Sometimes, due to the need to translate documents and obtain necessary approvals, international transactions may take extra time. However, extra steps like these should not add an inordinate amount of time.
Find out everything you need to know about mergers and acquisitions in Fort Lauderdale from the experts at ProGuide Management Resources.
To continue expanding the information in “Choosing the Right Process Improvement Consultant, Part 1,” although it’s fine to choose a consultant with industry experience different from yours, you don’t want to choose a consultant from a vastly different industry. For example, you wouldn’t choose a process improvement consultant who specialized in finance if your company sells wholesale food products. While all of your prospective consultant’s experience doesn’t have to be the same as in your industry, some knowledge of the processes in your industry is helpful.
Another decision you’ll face is whether to hire a singular consultant or choose to work with a firm. Because the process of improvement is an ongoing situation that takes place in steps, you need to feel 100 percent comfortable that your needs and expectations can be met on time, on your agreed-upon budget, and on an estimated return on your investment.
Also, you shouldn’t choose your process improvement consultant based on the lowest rate you can find. That’s because you want an expert who is capable of improving all of your operational and financial performances. If possible, it’s best to choose your consultant based on his or her value and ROI.
Check out the consultant possibilities at ProGuide.biz, a leading global management consulting company that specializes in process improvement consulting.
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.
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.
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.
All kinds of organizations need professionals to manage the supply chain, which is how the flow of goods and services are created and delivered. Some examples of companies that depend on a robust supply chair include manufacturers, retailers, transportation companies, third-party logistics firms, government agencies, and service firms.
There are a number of processes that occur before the creation and final delivery of the product is accomplished. When a company’s supply chain is operating at an optimal level, customer service is maximized and a higher competitive advantage is established. All of the activities between developing a product and getting it to the consumer make up the supply chain. Keep in mind that quantities and timing are key players in a successful delivery process. Some of the areas that are always in play for the right supply-chain focus include all of the following:
- Product Assembly
- Moving Storage
- Customer Service
A professional who specializes in supply-chain management is involved in every facet of the business process. They aim to maintain a sustainable competitive advantage by building and delivering better products faster and cheaper. They specialize in logistics, purchasing, developing new products, traffic control, operations, and much more. For more information on any business process improvement consulting, contact the team at ProGuide.biz.
You want your employees to be as enthusiastic as you are about your company. So, what are some of the most reliable ways to ensure your employees are consistently putting their best efforts into their jobs? If you have tried to raise the bar on employee motivational techniques, you may want to get more creative about what to try next on your path to higher productivity levels.
Incentives: There are a number of ways you can reward performances based on meeting specific goals. For example, you can offer bonuses for meeting goals early, allow a week or so of flexibility on the clock, or give them a couple of hours of paid time off (PTO) for a job well done.
Goal Setting: When you set smaller goals, you help your employees to achieve them more easily. Once those goals are met, you can reward the whole team for achieving the goal.
Spread Enthusiasm: Share your positive energy throughout the office. You can also encourage your teams to play as hard as they work, which increases energy in the workplace.
Open-Door Policy: Speak to your staff the way you want to be spoken to. Also, an open-door policy engenders trust and a sense of staff empowerment when employees are encouraged with the freedom to offer workplace suggestions and ideas.
If you are starting to develop your own business consider the ways you can help to ensure your success. As you formulate your business goals, be sure to eliminate any hindrances or distractions along the way. Be as open-minded about what you are doing as you are confident in the direction you are headed. There are some similar hallmarks that are shared among many successful entrepreneurs. A few obvious characteristics are enthusiasm for the work, taking the job seriously, and being extremely disciplined. Among some of the other traits that boost the average entrepreneur into the ranks of the highly successful include the following:
- Knowing How to Manage Time & Money
- Using Advertising & Marketing
- Asking for Sales
- Being Focused on the Customer
- Maintaining Professionalism
- Welcoming New Technology
- Investing in Continuing Education
- Remaining Accessible
- Building & Maintaining a Stellar Reputation
- Knowing How to Negotiate
- Staying Organized
- Delegating Assignments
- Following Up on Meetings, Projects, Communications
- Leading By Example
You want to guarantee that you have chosen the field that best suits your personality. Once you’ve made that choice, you can use your personality to help you get where you want to go. One of your goals at all times is how to improve the customer experience. You will know your talents, and how to make up for any weak areas or limitations you may have.
Welcome to the ProGuide blog. Here we plan to share articles with you that enlighten, enhance, or just interest you about the world of management consulting. We want to touch on such topics as “improving the customer experience” and obtaining a Lean 6 Sigma certificate. Our firm, which is based in Fort Lauderdale, has worked with global clients for more than 25 years. The blog topics we plan to explore include our areas of expertise, which are:
- Business Optimization
- Educational Offerings
- Supply Chain Skills
- M&A Advisory
As well as being informative, we plan to post business tips and guides to help you give your business a boost. We want to connect with you through shared interests and goals. Check out how ProGuide approaches “change initiatives” in our business assessment services. We welcome your questions and comments. Feel free to call us at (954) 334-1275 or send an email to Patrick@proguide.biz/. We look forward to serving you soon.
Thank you for your interest in ProGuide. We value your time and are excited to share our different perspectives on business tactics and strategies. As we address topics that are relevant to you and the growth of your business, we hope to help you solve some of your business challenges while building up your customer base and bottom-line profitability.