Published: April 13, 2022, 8 a.m.
No matter the size of your company, operational excellence should be your goal. Business and model processing plays a key role in utilizing the extensive data that is available to companies today.\xa0 On this episode of The Digital Enterprise Society Podcast, Thom Singer and Craig Brown are joined by Pyze President and CEO Prabhjot Singh, for a conversation about the value and potential that is available through improved business processes for companies of all sizes.\xa0
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On today\u2019s podcast, you will learn:
What can the data tell us about business processes?
- Data can inform business processes more effectively than ever before.\xa0
- Historically, process improvement has been a time-consuming, expensive endeavor.\xa0
- Software can identify the different ways that products can morph from start to finish.
- Time and cost effective analyses are readily available with data processes.\xa0
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What complicates business processes?
- Any process that includes more than one person is bound to get complicated.\xa0
- \u201cIn God we trust, everyone else bring data.\u201d
- Quality results come from quality measurements of data
- Successful digitalization is the result of utilizing data results in the PLM system.\xa0
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Using data to prevent problems
- The end-to-end process is more complicated than it seems.
- It is essential to be aware of potential problems before they arise.\xa0
- Real time data can be used to make predictions and prevent problems.\xa0
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Defining processes and workflow\xa0
- There is a lot of confusion about the differences and similarities of these two terms.\xa0
- Workflow is one instance of a process being instituted.\xa0
- A process consists of many workflow variants.
- An analysis of processes identifies which cases are outliers and deviations.\xa0
- Common trends and issues can be identified by examining processes.\xa0
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Achieving operational excellence
- Regardless of company size, operational excellence should be the goal.\xa0
- Customers who don\u2019t experience operational excellence are going to take their businesses somewhere else.
- Tracking changes is essential to identify improvements and errors.\xa0
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Agile methods within processes
- Individual processes should increase flexibility.\xa0
- Development processes are a critical component of identifying and measuring how a release to market is affecting a business.\xa0
- Measures need to be confirmed with the paying customers who drove the change in the first place.\xa0
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Continue the conversation with us within the Digital Enterprise Society Community at DigitalEnterpriseSociety.org.
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