Operational Performance Management
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To create long-term value, companies must possess a performance strategy that enables them to govern operational execution, and risk, for profit. Every company needs to be profitable, and no company can survive operational inefficiency. The ‘quality’ of business operations will make or break any company. Profitable companies have 1) strong financials, 2) an aligned management team, and a track record of 3) consistent performance. Companies must be capable of managing operational expense (OpEx) to create Operating Profit for long-term value.
The Predictive Quality Management (PQM) solution is focused upon reducing operational inefficiencies to improve operating profit and reducing operational expense.
Operating Profit = OpRev – OpEx
In the world of business, performance is the name of the game… Performance for results that matter to the business: Effective Process + Efficient Execution = Performance.
“Effectiveness is doing the right thing. Efficiency is doing the right thing right.” – Peter Drucker
Business success stems from a workforce that efficiently executes the work of the Enterprise by transforming their time ($$$) into effectively obtaining the results that matter. Operational Efficiency can be predictably achieved with the Predictive Quality Management (PQM) solution that enables management control over operational ‘quality’, ensuring operational efficacy and operational efficiency, yielding a net positive affect upon Operational Expense.