Your business’s operations are all the resources, processes and systems needed to create your products and services. Improving your operations strategy can help your business run more smoothly, get a competitive advantage, and be more sustainable in the long term.
Being strategic about your operational efficiency, inventory, networks, capacity and quality helps to take your business to the next level. Find out what you’re already doing well and where you could improve your operations.
At the end of this assessment you’ll get:
Compare your production profile to other products, services or businesses. Reflect on volume, variety, variation, and visibility to understand where you have an advantage in the marketplace. We’ll show you how to strengthen your point of difference — so you can compete better.
Calculate the best amount of inventory to ask for each time you place an order. Finding the sweet spot between your ordering costs and holding costs can free up money for other things. Explore the effect of changes to your order size.
Compare your business, product or service against competitors to see how you stand out. Reflect on where you sit in the marketplace in terms of price, performance and customisation. Depending on your position, we’ll help you identify some common opportunities and risks.
Reflect on whether you’re making the most of the resources in your business. Think about whether each resource is valuable, rare, hard to imitate, and fully used. Based on your answers, we’ll give you some tips to make the most of each resource.
Reflect on a product, service or mix you provide. Identify the elements that provide value to your customers. Think about whether your product has any service elements, or whether your service has any product elements. You might identify new opportunities for your business.