Process Efficiencies
Skills
Process efficiency, or getting more output from the same input, can add value to a business in many ways:
Profitability
- Efficient processes can directly or indirectly impact profitability by reducing costs and increasing productivity.
Customer satisfaction
- Streamlined operations and reduced waste can improve customer satisfaction.
Competitive advantage
- Efficient processes can make a business more competitive and get your product to the market faster than your competitors.
Flexibility
- Employees who understand how processes work can help teams adapt to changes in the business environment.