Process Improvement Initiatives
Process improvement initiatives are defined as strategies that identify and resolve issues in a business’s process or workflow in order to increase efficiency and productivity. This type of initiative is typically implemented in order to reduce costs, eliminate delays and streamline operations. Process improvement initiatives are often used in all areas of a business, from operations to marketing, and can involve both minor and major changes. The goal of process improvement initiatives is to improve the overall performance of a business by increasing the quality of products and services, reducing delivery time and increasing customer satisfaction. The process improvement initiative may include the implementation of new technology, the streamlining of processes, training and education of staff, or the creation of new policies and procedures. It also may involve changes to the organizational structure, such as restructuring departments or creating new positions. By improving the overall efficiency of a business, process improvement initiatives can save a company time and money.