Let others cut short-run costs today, while you’re prepared for tomorrow.
As inflation accelerates, interest rates keep rising, and supply chain crises are becoming the new normal, companies that haven’t considered process mining technology before are waking up to its potential.
In challenging times, process optimization is the #1 driving force behind operational efficiency, growth, and successful compliance.
Companies that only focus on cutting costs will encounter setbacks in the long run, whereas those who realize the long-term cost-saving potential of process optimization will thrive.
Current challenges in Operational Excellence
CHALLENGE 1
Lack of transparency
Not being able to pinpoint the reasons behind operational inefficiencies is nothing to be ashamed of – without the right tools, it is a huge challenge that most companies still today are trying to tackle.
The quality of your processes determines how effective your business operations are. As a leader, it is your job to ensure that operations are efficient. While this is the case, you also have the power to pave the way for a more process-oriented approach in your organization.
CHALLENGE 2
Complex ERP migrations
No modern business can achieve efficient operations through successful end-to-end transformation without involving an ERP system. What often feels like the black box of IT can also present enormous opportunities for cost savings: eliminating loopholes of outdated systems, providing real-time monitoring capabilities, improving productivity and transparency, and ensuring smoother cross-functional collaboration.
During massive migration projects, companies often struggle with transformation pitfalls:
Poor fact-based process insights
A lack of harmonization across units
Performance gaps in business processes
Unknown process variations
Inefficient change management
Communication challenges
CHALLENGE 3
Automation before analysis
How have you ensured that the processes you are about to automate are working as they should? Poorly designed processes and processes that deviate from the optimal path only result in poor efficiency. By automating these, you end up creating waste – only more efficiently.
Yet, many businesses get excited about automation before process optimization – one of the most common pitfalls we see.
GUIDE: Technology-driven OPEX in 2023
Operational Excellence leaders are faced with new challenges that require new solutions: they must navigate their businesses through major shifts in the markets while making sure no resources are wasted.
This brand-new process mining solution is designed for S/4HANA transformation. It analyzes current as-is processes in a fast and efficient way, estimates the magnitude of necessary changes during the migration, and compares process execution against SAP best practices.
👉🏼 How OPEX leaders can navigate through major market shifts with the help of process mining:
1. Find process inefficiencies and maximize the capacity of both employees and systems.
2. Don’t just focus on cutting costs in challenging times – instead, use process optimization as the key driver for operational efficiency, growth, and revenue.
3. Win by automation done right. Ensure successful enterprise-wide automation by identifying and prioritizing automation opportunities and increasing the value of current initiatives.
4. Gain end-to-end process visibility into complex system landscapes and ensure smooth system transformations.
5. Track the entire business ecosystem – from the most granular of tasks to the largest of value chains. Process mining will always let you know when to act on inefficiencies, errors, and non-compliance.
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