What is it?
The idea behind process optimization is to modify a process has to deliver higher productivity, more product or higher return from existing systems or people. Businesses and process managers need to work on process optimization at various stages. The best companies continue to strive for “continuous process optimization”.
Why Is It Important?
As an organization expands fast, efficiency generally reduces and the technology strategy deviates from the desired expectation. Organization’s need to re-evaluate their existing processes to the growing and changing business environment.
- Reduce Development Cost
- Increase ‘time to market’
- Increase Data Accuracy & Eliminate multiple point of entry
- Consistent quality of the output
- Optimal utilization of resources
How We Can Help
We at Euclid know that process optimization is not simply automating or computerizing the tasks that are being conducted manually and we take this opportunity to probe and eliminate underlying assumptions around the manual tasks. For example, the basic assumption of purchase order against indents even for general spares can be defeated by the realization that general spares can be ordered automatically based on the inventory levels. Automation is an opportunity to simplify work and get rid of repetitive tasks and non value adding activities.
Next, process optimization deals with delays associated with business processes – delays due to lack of right information and separation of decision making authority from points in the process requiring decisions. Computerized information flows can be deployed to bring routine decisions closer to the process, with the help of integrated process data and optimizing software, which can in the worst case provide process participants with the most viable options to choose from. This brings the decisions right where they belong – to the front-line.
We approach Process optimization as a five step cycle – Analyse, Identify, Simulate, Validate and Deploy.
Analyze: Analysis provides insights to how a process is running.
Identify: Analysis provides clues on aligning resources in a cost efficient manner by monitoring performance trends.
Simulate: Enables an off-line “what if” analysis of various potential changes to achieve intended optimization levels.
Validate: Check the simulated results with intended results before actually enforcing the changes in real time business process.
Deploy: Affect the changes in the business process and the cycle starts afresh.