Speed, Speed, Speed!
Speed is becoming the most critical challenge for successful business – be it manufacturing, process, Service, IT, Health care company…
Conquering the success with speed is now the new normal in the business… Here are some reasons… Why?
- Customers –
Customers are now getting updated on line. Any good or bad news is quickly spread across social media and 24 X 7 news. This leads to customer being informed on line. This pushes up their expectations of product and service quality constantly. This action further creates back pressures and time pressures on the manufacturing and service delivery processes.
- Vendors / Supply chain –
The customer expectations pressures forces the vendors and complete supply chain to drop all lethargy in the systems, plus loopholes and be lean and efficient
- Quality-
Customer expectations provide zero tolerance to errors. As such excellent quality at all levels becomes the baseline. Remember Rework cost money, time and looses reputation.
Needless to say that correct definition of business and IT strategy across the organizations and its flawless implementation is must for survival of the business.
So the question is – do you have the business and IT strategy in place?