Time is money, and for that reason one of the single best ways to improve your bottom line is to improve your business’ efficiency. This applies to every single aspect of your company, from supply chain all the way to employee management. Some will require trial and error, yes, and you will learn as you go (even if you are an established business). Other efficiency solutions, however, come in the form of new business management tactics and tech tools.
There are so many ways that you can improve your business’ efficiency, and this guide will help you get started:
1. Software to Manage Remote Traveling Teams
If your business operates via house calls (plumbers, electricians, movers, tech experts, etc) then you need a unique, effective solution to manage your team on the go. There are so many applications to service dispatch software that go beyond just team management as well. You can provide customers with live updates, provide map directions to your team, and add new or recurring jobs without causing any schedule conflicts.
2. Software to Manage Remote Work from Home Teams
The best option to keep track of what your work from home teams are doing is through a simple project management solution. Have each team create a set of sub-goals for their task, so they can easily update you, the manager, on their progress. This way you don’t have to check in and interrupt the workflow just to get a sense of where they are at with their task. You can just look online, and make note of what teams are making good progress, and which ones seem to be struggling.
3. Cloud Technology
The reason why you will want to use cloud technology is that it enables the same data and tools to be shared to all of your remote employees without requiring them to download that information or those tools directly to their own computer. Furthermore it also allows for instantaneous collaboration, so your employees can get work done in live time, rather than interrupting themselves with long email chains.
4. Enterprise Resource Planning (ERP)
Separate cloud systems are not perfect. Ideally they need to be able to talk to one another so that you can set up automated tasks, updates, and reminders. The most extensive option that will allow for this is an ERP system. Enterprise Resource Planning is meant for large, multi-national corporations, but there are plenty of smaller-scale options that fulfill the same basic functions: collaboration and automation.
5. Supply Chain Optimization
If 2020 taught businesses anything, it is that complex supply chains are not sustainable. There are too many variables that come into play that could interrupt the supply chain and put everyone down the line in a vulnerable position. Try to optimize your supply chain by removing unnecessary steps, and even by working with more local suppliers to ensure steady shipment.
6. Redesigning Waste
It isn’t just time you can work to improve. Redesign packaging, your printing model, and even the raw materials you use so that you can reduce waste at its source. Save by minimizing waste, and be a better business for it.