Time is the ultimate scarce (and non-renewable) resource — for both people and organizations. That’s why making the most of the time available is crucial in any continuous improvement strategy. Whether it’s shortening the sales cycle, speeding up production, or compressing design timelines, speed is key to boosting profits and gaining a competitive edge.
Completing Projects on Time and Within Budget
According to statistics, 97% of companies consider Project Management critical to their business and success. Yet, according to the Project Management Institute’s 2016 annual survey, only one in two projects was completed on time and within the planned budget!
Our service is based on Critical Chain Project Management (CCPM), a project planning and management method developed by Israeli physicist Eliyahu Goldratt. It helps companies dramatically improve performance, whether managing a single project or multiple projects at once.
Completing Orders as Quickly as Possible to Maximize Profit Flow
Companies that produce make-to-order (MTO) often struggle to meet delivery dates. Even those producing make-to-stock (MTS) face challenges — they frequently deal with stock-outs on one hand and an increase in slow-moving products on the other.
Fig. 1: sometimes demand exceeds offer
In a situation like this, companies can benefit from implementing a production planning and control system that’s different from the current one — one that uses a PULL logic instead of PUSH. This approach treats the market as a key “limiting” factor in the system (see fig. 1) and, as a result, helps optimize production (or distribution) flow while minimizing the uncertainty and variability in the process.
For more details, click here or leave a comment — no obligation!
