Approaches to Performance Improvement
With twin Objectives of Benefit Realization and Resource Optimization, we review key processes that aid the policy objectives of an organization in detail to arrive at gaps that can hinder implementation as well as identify opportunities for taking advantage to realize set organizational goals.
Review Policies and key objectives of the business
Review key processes and procedures under each function or business unit
Perform a detailed review of each of the above elements with the help of our PI Questionnaire©
Present Opportunities and Step-by-step solutions which are clear and practical
JSS has been assisting its clients with the following performance improvement initiatives, with a focus on strengthening Controls, improving Operational Efficiencies and assisting the management in Execution:
Areas: Planning, Budgeting, MIS, Monitoring.
Focus: Right reporting (Financial & non-financial), to Management for proper business insight. For Top Management to drive Performance, and for Operating Management on Efficiencies, Effectiveness and Controls.
Areas: Materials, Energy, Manpower, Travel , Communication, Establishment and Other Costs.
Focus: Efficiencies, Wastages, Leakages, Supply Chain.
Standard Operating Procedures
To achieve, scale and sum operations efficiently, organizations require standard operating procedures.
Key Steps: Activity listing, Process flow, Information flow, Controls documented, Standard Operating Procedures to serve as a management expectation guide to operating personnel.
Areas: Raw Material, WIP, Finished Goods, Indirect Material, Receivables, Cash & Bank Balances, Payables.
Focus: Supply Chain Efficiencies, Predicting Stock-out/Excess Stock.
Areas: Accounts Payable, Receivables, Payroll, Banking.
Focus: Controls, Leakages, Efficiency, Effectiveness.
Areas: Capex Plan, Receipt, Usage, Movement & Disposal.
Focus: Physical Controls, Record Keeping, Economic Performance, Physical Verifications.
Internal Controls, Speedy Book Closure and Reporting.
Authority Matrix to help in decision making at appropriate levels.
Procurement Function with Commitment Control.
Marketing & Logistics focused on Distribution Costs.
Performance Incentive Schemes linked to Business Targets.
ERP Implementation, Workflow Automation Opportunities
Project Cost Monitoring
Areas: Cost monitoring for companies in Projects business, EPC , Expansion Plans, Capex and to Lending Banks.
Focus: Predictive updates to Cost Estimates, Control Cost, Cash Flows, Capitalization in Customer Books.
Making Annual Budgeting more Effective
Annual Budgeting is a common management tool to plan and monitor performance. It is also common that organizations find it difficult to relate actual performance with Budget, because of general tendency to focus more on top line than bottom line, or desired granularity at department level is difficult to achieve, and lack of visibility for a full year. While Annual Budget is required as an important tool, we help organizations with “Quarterly Plans” compiled just ahead of a Quarter, through a “bottoms-up” approach.A review at the end of the Quarter, against “Quarterly Plan” enables true performance evaluation and taking corrective steps.
along with a team of 40 people with 10 CA's