Profit Improvement Programs

Profit Improvement Programs from Peermark Consulting

By: Peermark Consulting  24-Aug-2011
Keywords: Business Improvement

 

These programs utilise the knowledge of your employees to identify improvement opportunities. Focus areas can be tailored to your needs, but usually cover one or more of the following:

- Revenue Enhancement
- Cost Reduction
- Process Improvements

Through team brainstorming sessions, employees are presented with historical information relating to the nominated focus area and provided with an opportunity to raise suggestions. Suggestions are individually captured in a database and assigned to an evaluation owner who identifies:

- Potential opportunity
- Effort to implement
- Likelihood of success (applying a risk matrix)

Accepted ideas are assigned to employees as owners for implementation and progress is regularly monitored.

Keywords: Business Improvement

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