Five Star Performance

If there is one business strategy that is worthy of being singled out as a major point to achieve a competitive advantage it is the strategy of speed. Refocusing attention from cost to time is enabling organizations to run circles around their slower competitors. Time-based competitors offer greater varieties of products and services at lower costs and in less time. Cycle Time does not take anything away from quality processes, it actually enhances it. You continue to use and build upon the strategies that have allowed you to achieve your current level of success. The difference is the added element of SPEED.

Spring is here and so is my new website! The first three people to "spring" into action by giving me their suggestions for making my website even better, will win an all expenses paid trip to Starbucks and a complimentary one-hour coaching session! Now, go "spring" ahead and check out the website!   

Successfully,

Patrick "Coach" Frazier

Patrick S. Frazier, CBC
Five Star Performance, LLC

Patrick.S.Frazier@comcast.net
http://coachingauthority.net
(574) 286-1123
Finding the Hidden Money Through Cycle Time Reduction

Cycle Time Reduction is the application of the principles and practices of continuous improvement to production and business processes as viewed through the lens of SPEED.

Cycle Time Reduction (CTR) focuses on improving or redesigning production and business processes. Dr. W. Edward Deming is quoted as saying "85-90% of an organization's challenges are process-based and only 10-15% are people-related." Therefore the greatest gains to an organization can be had by evaluating and improving its core processes. If the speed of these core processes can be reduced and the efficiencies increased, your organization will see immediate and significant return for your CTR efforts. Building speed into a process can be achieved by reducing non-value-added activities, redundancies, and/or waste, such as money, time, materials, and/or manpower ... all of which equates to lost profits, lost customers, and decreased competitive advantage. We recently helped an organization identify and implement changes within a small business process which saved the organization $100,000 a month or 1.2M dollars a year. That hidden money has been a huge help to this company during recent times.

The difference between wasted and value-added time can be illustrated in a typical football game. The actual lapsed time it takes to play a regulation NFL game is approximately 180 minutes; however, the official playing time is 60 minutes. Believe it or not only 23 minutes are actually spent on running plays. That means that during a typical football game 88% of the game is spent on non-play activity. Is a portion of the 88% necessary for the successful outcome of a game? Absolutely. The coaching moments, play calling, and strategizing are certainly necessary for a positive outcome.

Baseball season is now in full swing, so pay particular attention as you watch your favorite team. Watch and observe all of the activities taking place on and off the field, and really look to see what activities are truly value-added and what activities have no impact on the final score. Now, take and use that same perspective and apply it to the processes inside your organization or company.

 
Article by: Tammy A.S. Kohl is President of Resource Associates Corporation. For over 30 years, RAC has specialized in business and management consulting, strategic planning, leadership development, executive coaching, and youth leadership.
April 16, 2013
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Process Improvement

Changing the way things are done in order to meet customer demands and increase profitability has become one of the foremost business issues of our day. Unfortunately, this quest has met with varying degrees of success and a graveyard filled with "programs of the month." Yet the objective of improving or gaining customer loyalty and enjoying its result through increased profit is valid. It's valid because competition in business is stronger than ever. As a result, the necessity to get better has never been more critical. Many organizations are implementing changes through a strategy of process management which has improved customer satisfaction, growth, profitability, and identification of new business opportunities.

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Five Star Performance, LLC

Five Star Performance
51818 Bonanza Dr.
Granger, IN 46530
(574) 286-1123
SAVE 10% on any
Cycle Time Reduction event
!


If there is one business strategy that is worthy of being singled out as a major point to achieve a competitive advantage it is the strategy of SPEED. Refocusing attention from cost to time is enabling organizations to run circles around their slower competitors. Time-based competitors offer greater varieties of products and services at lower costs and in less time.

Cycle Time should be considered a viable option when an organization is trying to improve: efficiency, productivity, cost base, customer responsiveness, speed to market of new offerings, merging of processes post acquisition, and flexibility. 
Offer Expires: April 30, 2013