4 common causes of business inefficiencies
ECLEVA’s CEO Patrick Northcott shares the 4 most common causes of business inefficiencies and the detrimental effect this has on your business growth.
- Poor employee onboarding and training leads to people not using existing systems properly. This introduces risk and creates key person dependencies.
- Lack of ongoing IT investment and updating business processes, leads to people blindly following inefficient practices because “that is the way it has always been done.”
- The notorious “Rework.” It gets costly if multiple people have to be involved in a cumbersome process. For example, having to print off, sign and scan documents manually. You are effectively paying for people twice.
- The infamous “Work Around.” This occurs when people find creative ways to avoid following the process.
Examples include teams that relegate the responsibility of data entering to one junior person or when senior management approves a purchase request via email rather than in the appropriate system.
Why not just include the approval button in the email?
The right technology partner will help you identify inefficient practices and advise you on how to make your business more efficient and profitable.