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Streamlining Operations in Preparation for 2023

Streamlining Operations in Preparation for 2023

By: Jim Gitney   |     December 14, 2022

Question: Has your company streamlined the business processes and staffing that were changed over the last three years?

First: We had the pandemic which caused every business to significantly change the way they work. Second: Coming out of the pandemic businesses had to ramp up operations like never before.

In every business we have worked with over the last 3 years, new processes and staff were implemented to respond to the structural changes in the marketplace. It happened so fast that leadership didn’t have much time to think about how to make these changes with maximum efficiency. These changes have caused disjointed business processes and organization structures and, in many cases, bloated cost structures.

Now, 2023 is likely to present a recession which will require additional changes to the way business is done, which will likely include downsizing like we are seeing in the tech industry. Senior leaders can keep their fingers crossed or be proactive about it.

There is an opportunity to react in a focused manor and streamline operations by engaging employees and outside experts to do Value Steam Mapping on critical business processes. This is a Win-Win for your organization in two ways:

  1. Realizing the improved performance through Value Stream Mapping: Lower costs, reduced headcount, better leverage of your technology backbone, more streamlined organization structure and higher profitability.
  2. Significant results from increased engagement as shown in the chart below.

 

Source: Gallup. For more details, see Gallup’s 2020 meta-analysis, The Relationship Between Engagement at Work and Organizational Outcomes: 2020 Q12® Meta-Analysis: 10th Edition. Reprinted with permission.

These improvement numbers are compelling, no, eyepopping, especially in the areas of reduced absenteeism, turnover, productivity, and profitability.

At Group50® Consulting, we offer multiple services that will enable your company to go after these numbers:

  1. Recession Planning Workshop
  2. Lean Business Assessment
  3. Value Stream Mapping
  4. Brown Paper Exercise
  5. Market Effectiveness assessment
  6. Cost Takeout services

Group50® fully engages process owners in these services to understand the company’s operating gaps and to redesign their business process(es) to meet the company’s Most Important Goal and support its strategies. Our approach significantly enhances change management and buy-in. Together, we find significant opportunities for improving efficiencies, throughput, and cost reductions. It isn’t uncommon to see double digit cost reductions in the areas we work in.

While these are great results, the more important outcome is the streamlining of business processes and organization structures that were implemented over the last couple of years, putting the business back on its proper footing. For companies that don’t know where they want to start, we start with our Recession Planning Workshop or an assessment. Most companies know where their pain points are and want us to do a Value Stream Map of a specific business process. The choice is yours.

You may also be interested in the following tow things:

  1. 8 Things You Need to Consider in Recession Planning: Making the Right Decisions Now.
  2. A new book called “Strategy Realized – The Business Hierarchy of Needs® by our CEO. It will give you substantial food for thought on realizing the results above and position your company to be much more successful in 2023.

To talk to us about how you can clean up the results of the last couple of years, take out cost and prepare for the future, call us at +1 (909) 949-9083, send a note to info@group50.com, or request more information here.

About the Author: Jim Gitney, CEO and Founder, started Group50® Consulting in 2004 with the focus of working with companies to significantly improve their performance by leveraging peopleprocess and technology as part of developing a company’s strategic plan 5.0.  In 2013, he created Group50’s Business Hierarchy of Needs® change management framework, a fundamental strategic planning and strategic execution guide to senior leadership teams, and was granted a trademark in 2015. This framework eliminates the existence of Anti-Strategy.

Jim has held C-suite and Board positions in large and small companies (GE, Black & Decker, Sunbeam, Rain Bird, Pankl Aerospace and others) both privately and publicly held. He is considered a subject matter expert in strategic planning, strategic execution, operations, supply chain and restructuring.  He has taken best practices from around the world, worked closely with clients and other Group50® consultants to create Group50’s full suite of strategic planning and execution tools. Group50® consulting consists of consultants from every functional discipline who have spent their careers in corporate America developing strategic plans and rolling up their shirt sleeves to get it done.

 

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This entry was posted in Cost Takeout, Manufacturing and Distribution, Organizational Development, Value stream mapping, on December 14, 2022
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