From inception, an improvement in productivity has been one of the key factors for maximizing a business’s or an organization’s bottom line.
It’s more than merely sealing all the leak spots where most of the energy, time, and skills dispensed in production wastes away.
A certain set of fundamental changes has to be put in place for a real transformation to take place.
And in this article, I will share with you 6 effective ways to improve productivity for profit maximization.
Let’s get started.
Centralize Your Management IT
The benefits of centralized IT for all business activities can never be outweighed. By having a mashup of all your pieces of software in one suite, effective teamwork is created between each department. And by a suite of pieces of software, I mean an ERP (Enterprise Resource Planning) system. An enterprise resource planning system is a system that provides the perfect solution for all day-to-day business activities such as budget making, customer relationship management, inventory management, project management, risk management and procurement, enterprise performance management, and accounting. The benefits of it are that a standardized working system is established, management/operation costs are reduced, efficiency is improved, business insights are improved, collaboration is enhanced, and risks are reduced. All of this boils down to improved productivity. Right. If you’re ready to adopt an ERP, check out on this myob partner that is one of the leading ERP providers around.
According to studies, 47% of employees acknowledge the fact that meetings not only bite into their working time/schedule but they are also distractive. This begins to make sense when one looks into it. Imagine the time spent by each worker in preparing for those meetings, imagine it invested directly into direct production. Another thing about frequent meetings is, impromptu meetings especially, they tune workers out of focus which in turn results either in low productivity or low-quality production. Instead of calling for a meeting, an email or other means of instant messaging can be implemented to get your agendas, data, or whatever information passed across the team. And for when a meeting can’t be ditched, always keep it brief, straightforward, and with purpose.
Individually Responsible Employees
One of the greatest mistakes every failed manager has made and is still making is a sheer focus on time managing with less or zero focus on goal management. The two problems of this are that your employees will often slack off and they will find their jobs psychological-oppressing. This will in turn have a not-so-good effect on productivity. To get ahead of this, invest in an OKR (objective and key results management) instead of micromanaging. An OKR will keep each worker focused on his job by showing them metrics on how far they have gone on each task and how well they have done it.
At times, other than the regular launch break, your staff need time away from the desk to replenish the energy spent so far. Just 20 minutes of meditation or exercise will help workers to refocus on productivity.