Speed Up Your Business

What is Speed in Business?

Speed essentially means how quickly your business performs. E.g.

• How soon do you respond to prospect queries, clients requirements?
• What is your time to production?
• What is purchase order cycle time ?
• How much is the time to deliver the end product? 

 Why Should you aim to achieve Speed in Business?

Achieving Speed in Business will help you achieve more in the same time. E.g. If you speed up your processes by 10% or 15% you will be able to:

• Manufacture more products in the same time
• Service more clients in the same amount of time.

Achieving Speed will improve your business turnaround time & improve profitability. 

What are the steps to achieve Speed in Business?

• Set up Precise Processes for Production, Inventory, Maintenance etc.
• Establish good workflows with well defined roles & responsibilities 
• Set up Event based Alerts, Notifications and Enable e-Approvals
• Manage by Exceptions

What are the steps you take to speed up your business? Share your comments.

?Feel Free to connect with me to discuss more.