News
Using A Business Productivity Roadmap In Your Yearly Planning
5th December 23
As we come to the end of 2023, now is the time to review the previous twelve months to see where improvements could be made for the year ahead.
A great place to start is by creating a business productivity roadmap.
What is a business productivity roadmap?
With so many things to manage in a business – such as colleagues and projects – a business productivity roadmap is an effective way of strategising how and where to improve company efficiency. This outlines precisely how you intend to achieve your business goals by showing all your productivity improvements in a plan that delivers ongoing efficiency improvement. Without a plan, there is a risk the operation works on a knee-jerk basis in response to requests to find savings. A plan allows you to set your agenda and have delivery dates that can be shared with other stakeholders – like your finance colleagues who are always looking for new ways to square sales, costs and profit projection. Having a plan won’t make you immune to short term requests to find a saving; it will leave you better equipped to deal with these requests.
Here’s what you should include:
- A pipeline of productivity opportunities
- A mixture of quick-wins and longer term strategic projects
- Trials and test phases that will enable you to learn before roll-out
- Quantified opportunities with an associated business case for change
Two crucial things to remember are:
- Your roadmap should be based on robust data
- Once created, it should be actively used and reviewed on a regular basis – not dusted off once a year for budget rounds. Otherwise, how will you know precisely what’s working and what’s not?
How can ReThink help you?
Our business improvement consultants take time to analyse your current processes and systems to support you in creating your own detailed roadmap of exactly where improvements could be made. This can be to invest more in your business priorities in order to help your bottom line. Or it could be to keep you agile and able to respond to ever-changing customer expectations and operating model challenges.
We provide information for you to gain insight into where you are really investing your time and effort, as well as the level of waste and variance across your operation, and how you stack up against the competition.
Get your business ready for 2024. Contact our team today.