Business optimization involves identifying and making changes to optimize a business’s operations. It can be done with the help of a consultant, but the best results come from internally-driven optimization with decision support software. It is important for companies to continually look for ways to improve efficiency, reduce waste, and optimize resources.
To successfully complete a business optimization project, it is important to have executive support and to appoint an internal team that understands the business, possibly with the guidance of an external business optimization analyst.
It is also important to consider the impact on employees and to create buy-in for the changes being implemented. The process should begin with identifying and implementing easy changes, followed by deeper analysis to address more complex challenges.