Process Improvement Strategy is an official business term used to refer to identifying and implementing methods to enhance the efficiency of a certain process. It is a systematic approach to review and improve existing processes to make them more efficient, cost-effective and provide better quality results. This strategy can involve streamlining, consolidating, and automating processes, as well as making changes to the physical environment to enable better performance. The main goal of process improvement strategies is to increase the efficiency and cost-effectiveness of an organization, as well as its customer satisfaction levels.
Process Improvement Strategies can be implemented in a variety of ways, including process mapping and simulation, benchmarking, root-cause analysis, and Lean Six Sigma. Process mapping and simulation allows teams to document and simulate their processes, visualize the flow of the system, and identify areas of improvement. Benchmarking allows teams to compare their processes with those of their peers.