OPERATIONAL EXCELLENCE
OPERATIONAL EXCELLENCE is the execution of the business strategy more consistently and reliably than the competition. OPERATIONAL EXCELLENCE is evidenced by results, and may be simply interpreted as "Execution Excellence."
How does it work?
OPERATIONAL EXCELLENCE is evidenced by results. Given two companies with the same strategy, the Operationally Excellent company will have lower operational risk, lower operating costs, and increased revenues relative to its competitors, creating value for customers and shareholders.Who is it for?
OPERATIONAL EXCELLENCE is neither a specific management philosophy, nor a particular methodology - it integrates all those enabling to reach Excellence. OPERATIONAL EXCELLENCE goes beyond and integrates organizational structure and leadership development. Any business can integrate this audit to better their business.A fresh new perspective.
Advantages of an OPERATIONAL EXCELLENCE Audit
This audit provides fresh perspectives for the company. It allows executives to be aware of problems that might not have been found otherwise and lets them evaluate risks for the future. Managers can also use results to motivate employees, as the company always has something at the end of the process to work toward and provide reward systems.
Steps of OPERATIONAL EXCELLENCE Audit
Preliminary Preparation
Have your organization's operational policies and achievements related to organizational objectives, however financial data is sometimes used at hand. This information is what our operational experts will need in order to perform an operational excellence audit.Field Survey
AYFI will perform a field survey where they collect and gather your organization's information. During the field survey our operational experts may observe, interview, sketch, measure, etc.Audit Program Development
Our operational experts will go over the objectives, goals, and obligations of the audit with the senior management of the organization.Audit Execution
After data is collected, our operational experts will perform an indepth analysis of the data and what they observed during their field survey.Reporting and Follow-up
AYFI will put together a full report that will include the data we collected, what we observed, and recommendations for improvements. We will then have a follow up meeting where we go over our findings and provide your company with some new, fresh perspectives.Organizations Should Engage Outside Help For Their OPERATIONAL EXCELLENCE Audit
Management Consultancies, such as AYFI are recognized as Best-In Class - providing a "fresh set of eyes" and a global binoculars for risk management across sectors and industries - and in-house failures.
