Boosting performance is necessary for all companies to tackle fierce market competition, price fluctuations, changing consumer expectations, new regulations, or remote working, which are all becoming the "new normal". Organizations must master their operating income for more flexibility to mitigate the impacts of these market forces.
With the current challenging and unprecedented economic environment, investigating performance levers has never been more vital:
BearingPoint has developed an innovative approach to improve performance based on two primary principles.
Waste hunting is a productivity essential that consists of identifying and reducing all types of waste. Leaders should see it as a philosophy to be adopted by all stakeholders, securing the basics of operational excellence and preserving the four aspects of performance: safety, quality, costs, and delays.
Digitalization, organization, internal complexity reduction and operational excellence levers are usually investigated. It often appears that levers derived from operational excellence account for 30 to 40% of total savings.
If top-down guidance is necessary to set the ambition and create a sense of emergency, bottom-up involvement in identifying performance levers is essential. People on the field know where problems are, and they are best placed to identify performance levers.
BearingPoint has developed a proven approach – the Booster Methodology – which, thanks to people empowerment, can enable companies to achieve tangible and sustainable performance results. We use a four-step sequence that is key to mobilize all stakeholders toward one common goal: elaborate the most relevant performance roadmap.
The Booster Methodology requires a necessary time investment to raise the right questions and take decisions. Moreover, compared to traditional cost-cutting approaches, it showcases reasonable savings, which are more likely to be achieved. The Booster Methodology helps companies from a broad industry spectrum to sustainably recover from the COVID-19 crisis.