Are your offshore facilitates really less expensive? It all depends on how you are calculating your Total Cost of Ownership (TCO). Your TCO calculation should include all the hidden offshore manufacturing costs your new strategy will experience over the life of the project. What are the hidden costs of offshore manufacturing? Continue reading What are the Hidden Costs of Offshore Manufacturing?
It is that time of year when successful leaders are weaving vision and business strategy together. You do this by using your vision, your end-to-end process design, and the action steps required to make it all happen. Continue reading How are Vision and Strategy are Related?
SOPs (or standard operating procedures) are customary in medium to large businesses, but less so in small businesses. With fewer employees to oversee, the need to standardize all procedures may feel less urgent. There is also less available time and resources to put towards the creation of SOPs, a task that can initially be very tedious and time-consuming. What Are the Top 10 Benefits of SOPs for Small- to Medium-Sized Businesses? Continue reading What Are the Top 10 Benefits of SOPs for Small- to Medium-Sized Businesses?
Does your company lack structure when doing simple tasks? Are your staff members too dependent, seeing the need for them to be more self-reliant? Do you find yourself pondering streamlining the processes of your rapidly expanding company? Then you will begin to understand the question: why is it important to have standard operating procedures? Continue reading Why is it Important to Have Standard Operating Procedures?
Efficiency and productivity go hand in hand, so it is worth reviewing some of the core policies, tools and operational processes within your business if you want to bolster both of these aspects. What is an example of streamlining a business? Continue reading What is an Example of Streamlining a Business?
This is one of those chicken and an egg questions. Do you write company policies and then develop business procedures to realize the policies? Or, do you write your company procedures and then develop business policies? Or maybe you write procedures and then are wondering how policies fit in since they are not a part of your procedure. How do you write business policies procedures? Continue reading How Do You Write Business Policies Procedures?
In order to maximize your competitive advantage you need to strengthen your whole supply chain (the extended supply chain) and turn it into a value chain. Learn how to turn your supply chain into a value chain. Continue reading How to Turn Your Supply Chain into a Value Chain
Document management systems are one of the most crucial parts of a business. Five tools that can help with smooth document management include Evernote, OneDrive, Google Sheets, and more. These are five document management tools you can’t resist. Continue reading Five Document Management Tools You Can’t Resist
Knowing how to organize a policies and procedures manual will be vital to its readability and usefulness. In deciding how you will organize your procedures manual, you need to be concerned with how it is going to be set up, what policies and procedures will be covered, how to efficiently handle later updates or supplements, and ease of employees to quickly find and gather the information they need. A guide for learning how do you assemble a policies and procedures manual is described briefly below. Continue reading How Do You Assemble a Policies and Procedures Manual?