Navigation Links
Recession Puts Focus on Business Optimisation and Excellence to Strengthen Business Core
Date:3/24/2009

Singapore, March 24 / b3c newswire / – To cope with the most disparaging economic climate in decades, business owners are pushed to explore the different varieties of standard-issue business strategies to steer their companies through the recession. The usual strategy of following the "order of practice of the industry" would be to review headcount, freeze and reduce budgets and other radical cost-cutting measures. The consequence of overreacting to this, is that it may handicap a company’s future potential when demand recovers again. What companies should do is to leverage on this downturn to re-invent themselves and consider how best to position themselves for global recovery when it happens. In such quest of business survival, decision makers tend to overlook the one management tool that has proven its effectiveness: process improvement.

Process improvement is an activity that intensively focuses on the operations and systems of a business (production, supply chain, sales, cost control and capital expenditures) to identify opportunities to remove elements that do not add business value, or ones that create unnecessary cost. The advantages of such reengineering efforts are immediately apparent: waste reduced, productivity increased, quality and performance enhanced.

The concept of utilizing operational improvement to increase business productivity is well established in methodologies such as Lean, Kaizen, Six Sigma, Toyota Production Systems and many more of such variants. Lean manufacturing, the concept fore founded by Ford Motor Systems and refined later by Toyota Motor, managed to increase its manufacturing productivity by 51.7% and reported cost savings of up to $5 million. Six Sigma, originally developed by Motorola recorded savings of over $15 billion in the last decade of implementation.

So why is such a proven business improvement methodology being overlooked now? How does one company start these operational improvement projects? What is the key ingredient for a successful implementation?

Recognizing this, The Six Sigma Connection in Singapore has launched The Business Optimisation and Excellence Summit 2009. The 3-day conference held over the period of 25 – 27 May 2009 in Novotel Clarke Quay, Singapore aims to explore strategies to effectively achieve business optimisation in the eras of austerity through the various process improvement methodologies. BOES 2009 will bring together process improvement leaders from Pfizer, MSD, Shell, Petronas, GE, DHL Global Freight, Sanofi-Aventis, British Petroleum, Singapore Institute of Manufacturing Technology and more to share experiences, discover best practices and discuss ways to implement these methodologies in the eras of austerity.

Mr. William Lee from the Planning and Operations Management Group in the Singapore Institute of Manufacturing Technology said, “It is clear that process optimization is the best way forward for businesses now as it is clear that it can improve the competitiveness and performance of a company. It is not a fad but a long term commitment to quality excellence and continuous improvement.”

With the marching theme, “Achieving Business Process Excellence to Remain Long Term Competency and Sustainability”, BOES 2009 will focus enhancing business leaders with the knowledge and power to revolutionize their corporation to survive, if not prosper in the current market. For more information on other critical discussions to be covered in the conference:

 

Contact
Thomas Bernavil
Tel: +65 6506 0964
Fax: +65 6749 7293
thomas.bernavil@alleventsgroup.com
http://www.alleventsgroup.com/boes


'/>"/>
b3c newswire

Related biology news :

1. Shark attacks decline worldwide in midst of economic recession
2. Human aspects of climate change to be focus of conference at Illinois
3. While focusing on heart disease, researchers discover new tactic against fatal muscular dystrophy
4. New text focuses on formidable opportunistic fungus
5. GEN reports growing focus on PI3-kinase pathway in cancer research
6. ESA satellites focusing on the Arctic
7. Endangered sawfish focus of national collection and recovery efforts
8. 15-state Southern obesity summit to focus on deadly epidemic
9. Research conference at UH to focus on US troops needs, homeland security
10. Biochemistry of human physiology in health and disease is focus of updated clinical text
11. NJIT seminar set for Nov. 6 to focus on bioelectronics -- emerging research area
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/26/2017)... 2017  Crossmatch, a leading provider of security and ... at combatting fraud, waste and abuse in assistance operations ... Action on Disaster Relief conference in Panama ... agencies and foreign assistance organizations throughout Latin ... are a largely unacknowledged problem in the foreign assistance ...
(Date:1/25/2017)... , Jan. 25, 2017 The Elements of ... (IAM) lifecycle is comprised of a comprehensive set ... purpose of maintaining digital identities and providing a ... applications. There are significant number of programs opted ... to time by optimizing processes and changing policies. ...
(Date:1/24/2017)...  It sounds simple and harmless—an electronic sensor ... signs and alerts parents on their smart phones ... drops. But pediatric experts argue that such devices ... evidence of medical benefits, especially to healthy babies. ... parents of healthy babies, promising peace of mind ...
Breaking Biology News(10 mins):
(Date:2/16/2017)... Calif. and GREENWICH, Conn. ... a private investment firm focused on venture growth ... the promotion of Josh Richardson , M.D. ... on investments in biotechnology companies.  He is a ... played important roles in Longitude,s investments in Aimmune ...
(Date:2/16/2017)... 16, 2017   Capricor Therapeutics, Inc. ... company developing first-in-class biological therapies for cardiac and ... elected to terminate its license agreement with the ... including Cenderitide. "Our decision to return ... prioritize our efforts to advance our core cell ...
(Date:2/16/2017)...  Dermata Therapeutics, LLC, a biotechnology company developing ... of dermatological diseases, today announced it has completed ... into a $5 million credit facility with Silicon ... capital for general corporate purposes to further Dermata,s ... of serious diseases treated by dermatologists.   ...
(Date:2/16/2017)...  Rhythm, a biopharmaceutical company developing peptide ... in life-threatening metabolic disorders, today announced the ... of financing with existing investors including Deerfield ... Associates, Pfizer Venture Investments, Third Rock Ventures, ... Rhythm will use the proceeds to advance ...
Breaking Biology Technology: