Tips on using Business Process Improvement Solutions

Robotic process automation provides smart business solutions as everything is done on a virtual basis. RPA process not only improves the performance but also saves on time. The best part about the process is integration. As it integrates with the system and servers of the company, you can expect great efficiency.

RPA offers scalable options to business solutions. Most business functions are time consuming and redundant. RPA process helps to eliminate the redundancy in work to perform repetitive tasks at ease. Robotic process automation helps to automate all the business tasks and applications to give you the best solutions for business.

Startups are companies initiated by entrepreneurs or individual founders to search for a scalable business model and start new businesses that intend to grow beyond the solo founder and have employees and work at a large scale.  Startups face high uncertainty and do have high rates of failure, but the minority that goes on to be successful companies have the potential to become large and influential. Some startups become unicorns, i.e. privately held startup companies valued at over US$1 billion. Startups usually begin by problem interviews, solution interviews, and building a prototype, to develop their business models.

Using heuristics and biases in startups by founders and co-founders is quite common as due to lack of information and high uncertainty the need to make quick decisions arises of and on. They also end up becoming overconfident in making decisions and reach conclusions about the larger population using a limited sample. Since they are nascent entrepreneurs and new in the business world, they may have less experience due to which they even try to seek feedback from their mentors who guide them but to a certain extent. To become attractive business partners and highlight their existence, startups need to align their internal features including their products and services with the market situation. The failure rate of startup companies is very high. A 2014 article in Fortune estimated that 90% of startups ultimately fail. In a sample of 101 unsuccessful startups, the top five factors in failure were lack of consumer interest in the product or service (42% of failures); funding or cash problems (29%); personnel or staffing problems (23%); competition from rival companies (19%); and problems with pricing of the product or service (18%).

Startups typically operate under a lack of resources, have little or no operating history and consist of individuals with little practical experience and therefore it is possible to simulate startups in a classroom setting with reasonable accuracy. Many institutions and universities provide training on startups. Some of them are entrepreneurship courses that also deal with the topic of startups, while other courses are specifically dedicated to startups. The knowledge of Lean Six Sigma and its application can help the startups and small businesses overcome their shortcomings and if its methodologies are applied from the very beginning it could result in high savings, especially in a business that produces a high volume of standard products or services every day. The first step to start implementing Six-Sigma is to train the management team and all the employees on the basics of Six Sigma and the DMAIC methodology. This will help the company in improving the project by project and implementing theory right away.

Lean Six Sigma is a continuous improvement technique that can boost any organization’s profit and productivity by its integrating processes. It can decrease an organization’s cost in several ways and help in eliminating needless actions from any process. Also, it allows an organization to divide resources or revenue to create efficient processes. With so many advantages it is evident that lean six sigma application can help any startup and small business to flourish and make its mark.

For KPMG Lean Six Sigma Training registrations mail to [email protected] or call at +91 9555688555 or +91 9022033666.

Professionals with Lean Six Sigma Green Belt certification have reached a significant milestone in the hierarchy of Lean Six Sigma certification programs.

According to iSixSigma, a Six Sigma Green Belt is an employee who has been, "trained on the improvement methodology of Six Sigma and will lead a process improvement or quality improvement team as part of their full time job."

Enterprises, know more about the core aspects of your business that you can automate easily with modern business process automation strategies to get automation benefits.

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While automation is certainly a buzzword for businesses that envision scaling up, RPA (Robotic Process Automation) and BPA (Business Process Automation) do seem to confuse entrepreneurs more often than not.

Differences are not apparent but real, and in fact, robotic process automation companies will help you understand this before you even adopt RPA.

As startups, small and medium businesses as well as enterprises adopt a vision that is increasingly customer-centric, business process automation and robotic process automation companies step forth to provide sounder automation, deeper insights and better stratgizing to customer-centric enterprises.

While hiring the services of an RPA company is a wise decision, the decision applies to only a certain type of your business processes.

Whereas BPM aims to identify and optimize the all the processes that make any business better on the whole, RPA only pertains to the optimization (through software) of those processes which mimic human activities that are repetitive in task and do not require much human discretion.

There processes are labor-intensive, are repeated several times during the day, and are highly transactional.