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An operational excellence strategy aims to accomplish cost leadership. Here the main focus centres on automating manufacturing processes and work procedures in order to streamline operations and reduce cost. The strategy lends itself to high-volume, transaction-oriented and standardized production that has little need for much differentiation.
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Crushing Efficiency Vs Operational Cost operation up the cost curve Critical success factors • Loading efficiency
Efficiency vs. effectiveness in business: Which … In the quest to cut costs, companies are often blind to the difference between operational efficiency vs. effectiveness and the impact of one metric on the other. Indeed, statistics show that current implementations of automation, unless carefully designed, can cause serious problems. A
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