Cycle Time Reduction
Did you know that right now your company is wasting thousands of dollars on unnecessary procedures and processes that add no value to your operations and slow your response time? Did you also know that customers are five times more likely to switch to another supplier because of poor service than because of poor quality or lower price?
Can you honestly say that your organization can afford these losses? The answer is they can't. Cycle Time Reduction, a technique to re-engineer business and production processes for speed and maximum company performance, is critical to your bottom line. Cycle Time Reduction provides specific, proven techniques that are absolutely guaranteed to cut costs and dramatically improve the overall efficiency of your facility.
Some important facts:
- Statistics consistently show at least a 40 to 1 return on every dollar invested in cycle time reduction.
- Cycle time reduction can reduce overhead by as much as 50%.
- As many as 75% of the steps in each business process are non-value added.
- New product development can be reduced from over two years to under one year (and sometimes much less) with significantly fewer resources.
- Response to special customer requests can be reduced from 3 months turn around to a mere 3 weeks or less.
Identifying core processes in your organization, defining "value-added" versus "non-value-added" processes", breaking through the barriers to SPEED, and designing the "ideal" process, allows your organization to work at maximum productivity, efficiency, and cost-effectiveness.
A few success stories:
- Using cycle time reduction techniques, IBM Brazil eliminated 50 unnecessary procedures, 450 different forms and 2.5 million documents a year.
- A major computer chip company estimated a 30% increase in productivity with a savings of over $60 million.
- An expense report process at a major U.S. manufacturing plant went from 3 weeks to 1 day and required 5 fewer people.
Cycle Time Reduction isn't just the latest management technique, it's a proven strategy to re-engineer your core business processes through SPEED, eliminating waste and maintaining maximum efficiency (productivity) and effectiveness (quality). Your organization can't afford to be without it. Call us today! We'll show you how.
