In partial fulfillment of the requirement of the course MSC520 Production and Operations Management
The Superefficient Company
The article speaks of how a company can create a truly efficient company and eventually move to becoming superefficient.
Strategies cited in the article which have been adapted by the companies mentioned include streamlining internal processes, while at the same time providing caution on the need to also look at the shared processes – those that involve interactions with other companies, which oftentimes is what is in a mess; simplifying supply chain is another approach; breaking down the wall between its units in order to reduce costs and create greater value for customers; integrating and simplifying core businesses processes and installing a system to support the same; use of the power of internet to connect disparate information system; integrating the processes with the customers. The concept of co-suppliers where 2 non-competing suppliers merge their efforts to their mutual advantage and see how they can work together is another interesting approach as well.
It is noteworthy to mention that while the above are being executed, there is an internal alignment done, that is, the performance measures have also been changed. This way, we get the people executing the changes to support the same.
Streamlining results into several benefits: reducing costs, enhancing quality and speeding operations. The companies cited also mentioned the following benefits as a result of the strategies implemented: reducing overhead and redundant activities; enhancing the quality of products and services, thus, ridding the organization of mistakes and miscommunications; getting people to work together and share valuable information
I agree with the article that “the name of the game is really taking a new approach of the business, working closely with partners to design and manage processes that extend across traditional...