There are a few signs that your processes might be inefficient.
- Too Much Time Spent on Manual Processes
- Information is Hard to Find
- Unable to Quickly Introduce New Processes
- Failing Regulatory Requirements
- Having Complicated Processes
Studies show inefficiencies can lose a business 20 to 30 percent of their revenue. Causes can include:
Poor System Integration – Many organizations have several different systems that perform different tasks. When these systems do not talk to each other, problems may arise. In addition, one may have to copy and paste information from one system to the next.
Bottle Necks – A constraint in the process will cause slowdowns. Bottlenecks can occur when new technologies are not adapted as well as personnel keeping control over a portion of the process.
Redundancy – Duplicating processes reduces the integrity of the process. The driving force is typically departmental collaboration or processes not being properly implemented.