How does being data-driven and data-informed ensure operations and resource excellence (OARE)?
- Information reaches everyone
- It tracks organizational changes in real time
- It gives tips for improvement
Operations and Resource Excellence (OARE) refers to keeping the operation flow of processes in tip-top shape, making sure that every part of the organization’s value stream is coordinated. Since it spans several segments of the company, one can easily gauge a company’s performance, as well as the coordination and engagement of its employees.
Aside from lessons gained from leadership training in the Philippines, the personal development of employees can also be achieved by utilizing OARE. Employees can maximize their skill development in different paradigms such as organizational skills, decision making, and even resource management if under the right management and given the right data.
Data, a vital component that some overlook, is the most accurate piece of information a company can possess due to its quantitative nature. Organizations who invest heavily in data collect it through different methods such as customer surveys, barcode readers, and the like.
When properly managed, data grants the ability for companies to improve on organizational decisions and even streamline processes. One of the most efficient means for organizations to effectively use data in their strategic decision-making is through analytics.
Analytics is the practice of methodically collecting data and using statistics to analyze it. While the concept consists of several lessons, materials, and components, the details aren’t the most important factor, it is how data analytics can ensure OARE:
Information reaches everyone
Since data is widely available to everyone, it can be subject to bias and misinformation; making it unreliable and sometimes even unusable. This can come from various sources:
- Forgetfulness
- Lack of time
- Negative emotional sentiment (anger, sadness, embarrassment, etc.)
According to leadership development experts in the country, making decisions based on unreliable data is just as harmful as making decisions without it. Not only will you be more likely to make the wrong decisions, but you may come across bigger problems such as miscommunication as well. In fact, some foreign organizations pay up to $7000 just to mitigate these issues.
When properly managed, sharing reliable information derived from data analytics can bring about surprising results. Since co-workers are working with the same parameters in mind, it builds trust and coordination among them. Because of the more consistent and reliable flow of data, it adds value to everyone in the workplace. Most importantly, employees will be able to discern the right decisions with the right data and metrics.
It tracks organizational changes in real time
As a lot of professionals will learn from leadership development, overlooking one detail could cause a chain reaction of disaster for the organization. Although Humans are not capable of tracking every change in organizations due to different factors such as our erratic nature, OARE equips us with the information needed to brace for these unpredictable changes.
To counter this, organizations turn to other alternatives such as technology. Since data analytics utilizes advanced technology, it is more capable to simultaneously process different organization changes in real time and with precision, whether it be problems or progress.
Real-time data is highly valued mainly for its accuracy and ability to keep different business processes at their most optimal. For example, warehouse personnel in charge of operations can quickly act if their inventory has defects or have been lost because of instant notifications.
It can generate tips for improvement
Since excellence is never stagnant, OARE requires organizations to be forthcoming in making improvements. For organizations to attain their chosen standards, each person or team must continuously improve in:
- Driving down operational costs
- Meeting present and future customer demands
- Streamlining product management processes
- Maximizing customer and supplier relations
Before employees can better themselves in their core responsibilities, they must first identify what needs to be improved. Once identified, each one has to go beyond the details of their daily routines to see the “bigger picture”. They can achieve this through the use of data analytics because it can store and share information with every organizational segment.
For experts on personality development in the Philippines, the ability to see the big picture is an important skill to develop. It leads to better results because employees get to tweak their daily routine in order to maximize themselves when setting and attaining goals.
Key Takeaway
Operations and resource excellence (OARE) require employees to work together and make smart decisions to keep the organization’s flow running smoothly. Since organizations know how critical decision making is, being data-driven and informed have become essential for thriving firms. With the right data, you can reach standards of excellence more efficiently because it is more accurate, without human bias, and less time-consuming.