What is an Operational Efficiency Plan?
An operational efficiency plan is a strategic plan that is designed to help teams of any size or industry improve their operational efficiency. It includes clear objectives, measurable targets (KPIs), related projects, and strategies to drive the desired results. The plan helps teams create a comprehensive view of their current and desired state, and provides an actionable roadmap for reaching their goals.
What's included in this Operational Efficiency Plan template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Operational Efficiency Plan template for?
The operational efficiency plan template is designed to help teams of all sizes and industries create a plan to improve operational efficiency. It provides a framework to identify areas of focus, create objectives, set measurable targets, implement related projects, and improve operational efficiency.
1. Define clear examples of your focus areas
A focus area is the overarching goal that you want to accomplish. It is important to be as specific as possible when defining your focus areas. Examples of focus areas could include 'Streamline Processes', 'Improve Productivity', or 'Increase Efficiency'.
2. Think about the objectives that could fall under that focus area
An objective is a specific goal that falls under a focus area. It should be measurable and actionable. Examples of objectives could include 'Enhance Inventory Accuracy', 'Reduce Shipping Wait Time', or 'Increase Performance Output'.
3. Set measurable targets (KPIs) to tackle the objective
A KPI or Key Performance Indicator is a measurable target that is used to assess the success of an objective. Examples of KPIs include 'Increase Inventory Accuracy', 'Decrease Average Shipping Wait Time', and 'Increase Performance Output'.
4. Implement related projects to achieve the KPIs
A project or action is a step that needs to be implemented in order to achieve the KPI. Examples of actions could include 'Implement Automated Inventory System', 'Shorten Delivery Window', and 'Increase Productivity Training'.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform helps teams identify and track their focus areas, objectives, KPIs, and projects in one place. It also provides a framework to measure progress and quickly see success from your operational efficiency plan.