Focusing onoperational excellencecan be revolutionary when applied in any industry, be it healthcare or manufacturing. It is no secret that achieving excellence in operations is a long-term strategy that may be challenging to achieve without clear goals. To keep your organization on the right track...
What is Operational Excellence? - ResourcesInstitute for Operational Excellence
To put it simply, operational excellence means creating a business that outperforms the competition by doing things better than your competitors. Or, as business writerMichael Sony puts it,operational excellence is “making improvements to attain a competitive advantage.” But that’s a high-level ...
Christian Johnson:That’s Joris Wijpkema talking about one of the foundationalprinciples of operational excellence, the topic of discussion for today’s episode ofMcKinsey Talks Operations, a podcast where the world’s C-suite leaders and McKinsey experts cut through the noi...
Taking a closer look at operational discipline, a key component of operational excellence, reveals how process management and culture constantly interact. Operational discipline, put simply, is “doing the right thing, the right way, every time.” In the context of operational discipline “doing ...
Operational excellence methodologies As the Shingo Model gained popularity within the business world, others developed methodologies based on this approach and the core principles of operational excellence. These include: Lean manufacturing:Lean manufacturing is a systematic method designed to minimize waste ...
A frequently overlooked element of operational excellence success is the role of leadership in the whole process. It takes a sincere desire and commitment of leaders at all levels to get behind the operational excellence plan and to successfully put it into practice. There are five key leadership...
Knowing the meaning and core principles of operational excellence is one thing, but the real challenge is achieving it. There are three key methodologies that an organization may adopt as means to achieving operational excellence. Lean Manufacturing ...
What is Operational Excellence Nurturing a culture of continuous improvement and efficiency within an organization, Operational Excellence aims to optimize processes and enhance overall performance. In simple terms, Operational Excellence signifies the pursuit of process optimization, waste reduction, and quali...
Training employees is additionally critical in this career area. Operational excellence managers have to teach other supervisors and personnel the concepts of lean manufacturing and cover specific ways that they can cut costs while still maintaining quality. For this reason, these business leaders need ...