Warehouse Management System – Ensuring efficiency of the Supply Chain
In any Supply Chain, Inventory Management and Warehousing form a part of operations intensive function and is one of the key building blocks in the entire chain. Most of the inventory is held at the warehouses as compared to the pipeline, and the efficiency of the warehouse operations will determine the further supply chain efficiency. […]
Effects of FIFA World Cup on the Economy
The FIFA World Cup is an international sporting event. This event is held every four years. However, the host country changes every time. Countries have to bid against each other in order to win the rights to host the next World Cup. Many economists have questioned this practice. However, none have been able to find […]
Digital Payments: What they are, How they Work, and their Benefits and Problems
In recent months, all of us have heard extensively about the “war on cash”, the move to make India and other countries “cashless economies” and the general trend among policymakers worldwide to move the economies of the world to a digital and information enabled paradigm. In this context, it is worth noting that the emphasis […]
Information System for Training and Development
Introduction A successful organization is built on satisfied and trained employees. They are the company’s greatest assets. Employee development is defined as formal education, on-the-job training, previous job experience, personality mapping, and improvement in the current skill sets as to prepare the employee for future. A trained and developed staff will contribute to productivity increase, […]
Wage Increases and Tax Cuts
Recently the Dow Jones index faced a drastic fall. This fall was partly because of the fears of inflation that were sparked by increasing employee wages. This is because employee wages have been stagnant in America for close to a decade now. The drastic short-term rise was attributed by many to be the result of […]
In any Organization, the BPI initiative to be a success would need to be first understood and owned as well as sponsored by the leadership. The leadership here includes mainly the business unit leaders who become the main sponsors of the BPI program. It is important for the Leaders to understand why BPI is required to be implanted in the Organization, how it is going to help them and how to go about with implementation of the program. More importantly they own the program and they would need to make provisions for the required resources and budgets to ensure that the program is successful.
With the above understanding the BPI program should kick off with a Management meeting or workshop and an Executive Implementation Team comprising of the leadership and management should be formed. At this stage it is very important to run the entire management through a detailed presentation about BPI in terms of concept, methodology and the results. The management team needs to be oriented to manage and look at their business from a process point of view and not from an Organizational point of view.
Executive Implementation Team (EIT) team has a very important and larger role to play in the success of BPI program in the Organization. Some of the key responsibilities and functions of EIT may be listed down as under:
It is the Business Unit heads and the senior management who are navigating the Organization in the direction envisaged. They are the ones who are in tune with the markets, are able to assess the future trends and outline the areas where the Organization needs to change in order to meet the external challenges as well as to improve the interface with the Customer. Therefore the EIT team comprising of the Business unit heads and senior management are in a position design and take the Organization to the next level keeping in line with the vision set using BPI initiatives. Once they taste the success of BPI program and the resultant benefits that accrue, then it becomes a habit with the management to use BPI as a tool to edge the Organization forward and strive to reach higher benchmark at all times.
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