Companies strategize their goals depending upon market scenario, competition and available resources.
When a company is on a growth trajectory, fueled by higher volume and better realizations, its outlook, process and culture is shaped accordingly. But as pace of growth slows down, it needs to re-think and re-strategize the operational philosophy. This is where innovation and transformation comes into picture. A company needs to think ‘out-of-the box’ to come up with disruptive ideas to sustain in the market. It needs to really ‘Excel in Operations’ to stand out amongst its competition.
‘Operational Excellence’ can be defined as an intense, organization-wide program to enhance performance (for e.g. EBITDA improvement of 1-2%, etc.) and to boost organizational health. When such programs succeed, they radically improve the important business drivers, such as top-line growth, capital productivity, cost efficiency, operational effectiveness, customer satisfaction, and sales excellence. Because such excellence programs instill the importance of internal alignment around a common vision and strategy, increase the capacity for renewal, and develop superior execution skills, they enable companies to go on improving their results in sustainable ways year after year.
BOE Consulting is a team of passionate consultants who are able to drive business changes among our Clients. Through the unparalleled industry expertise of our team, we have delivered superior value and tangible results. The main focus of our Operational Excellence program is on improving Asset Productivity, reducing Manufacturing Cost, ensuring Quality Consistency and Performance Sustenance. To achieve this, BOE Consulting’s team of experts, with their Techno – Commercial expertise, sound domain knowledge and analytical tools, partner with organizations in their drive for Operational Excellence. Our understanding of the processes and the people-related challenges gives us an edge to come up with issue-specific solutions.
We not only offer well researched innovative ideas, but also do hand-holding for implementing them and getting results. Our process begins with a due diligence on the current operating parameters of the business. Once this step is complete, we scope out and start our partnership journey that typically spans 12 to 24 months and is designed to fundamentally change the way a business operates. Baselining is done at the beginning of the program, adjusted to certain factors. Within initial 6 months, top down evaluation of the operations is completed and with expert involvement, ideas are signed-off. Then ideas are converted into solutions and implemented. The post-implementation results are regularly validated and presented to Top Management. To ensure sustenance of performance beyond the program horizon, people and process capabilities are developed.
Some of the key success factors for Operational Excellence program are listed below
