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Michael Saltzstein: Better Business Processes

 

Michael Saltzstein on Business Process Improvement

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The market has gotten quite competitive. As a result, organizations must do all they can to increase or sustain the efficiency of their operations. It is if they want to stay ahead of their competitors. According to Michael Saltzstein, one way of doing so is to introduce and implement business process improvement, or BPI.

Business process improvement, or BPI, is a highly customized approach that creates a better organizational workflow. As there is no definitive blueprint for BPI, each company must determine the most effective action plan for its needs. The success of BPI, therefore, lies in how thoroughly an organization maps out the process.

It includes defining clear goals and objectives for the improvement, ensuring that employees are adequately trained and empowered to implement necessary changes, and continually monitoring and tweaking the process to achieve maximum efficiency. Despite the unique steps taken by each company when approaching BPI, the ultimate goal is always the same: to streamline the way the business operates and create a more successful outcome.

The first aim is to reduce the overall completion time of business processes. There are many ways to do this. You can identify and eliminate useless steps. You can also use the latest technology.

Another goal in business process improvement is to improve output quality. It means delivering better products and services. The trick, however, is to do this without increasing the input or resources, says Michael Saltzstein.

It can be done by looking closely at the processes' root causes of errors, defects, or frictions. Once they're identified, you should get rid of them.

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Finally, you must look for wasteful processes and cut them out of the workflow. This results in increased productivity and maximization of resources. Doing so allows organizations to meet customer requirements. It also lets businesses meet their organizational requirements.

Recently, BPI experts have also made conscious efforts to meet regulatory compliance. This also helps companies improve their processes, adds Michael Saltzstein.

Specializing in risk management and corporate insurance, Michael Saltzstein served as the Chairman for Risk Management Task Force, Local General Chairman, Local Officials Chairman, and Local Safety Chairman for USA Swimming. He has been a volunteer and official for the organization for over three decades. For more insightful reads on business and investment, visit this page.

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