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Ten Digital Moves for a Quick Performance Boost - Coggle Diagram
Ten Digital Moves for a Quick Performance Boost
improve company performance
reducing costs and raising revenue and profit margins.
synthesizet experience and identify the areas and improvement levers that are most conducive to rapid performance using digital.
DIGITAL CAN DELIVER FAST, SUSTAINABLE GAINS
new ways of working
digital tools allow leaders to redesign processes from the ground up. The processes are automated, with data
it’s easy particularly for companies that have longentrenched histories and ways of working.
10 INITIATIVES IN 2 BROAD AREAS
OPERATIONS
Reduce procurement spending.
analytics allow companies to better understand their procurement and tailor the right improvement approach in order to maximize the impact across the full supplier network.
Rethink the supply chain
digital supply chain tools can create greater visibility and predictability across the entire network and thus enable operations executives to make smarter decisions.
Digitize manufacturing
opportunities for operations improvement with digital in the manufacturing area.
Enhance service operations
Companies can boost the performance of their service operations
Revamp the corporate center and shared services.
digitizing their support functions, using tools such as robotic process automation (RPA),
Product and service offerings
Boost sales
using digital can lead to a major improvement in sales performance for B2B companies.
digitize their B2B sales can generate gains of 10% to 20% in revenue, improve marketing efficiency by 15% to 30% , boost their digital ROI by 20% to 50%
Personalize and digitize marketing
Digital marketing is far more targeted and personalized, leading to a better customer experience.
Optimize pricing
using progressive pricing, companies can ensure that they have the right offering, format, and price for every customer.
Improve customer service
Digital technologies are transforming the way that companies interact with and serve their customers
Prioritize and accelerate product development.
improve and speed up new-product development. More specifically, companies can pull customer data, preferences, and pain points from sales and marketing interactions.
HOW TO START
Understand your company’s level of digital maturity.
Identify the performance improvement potential from applying these digital measures across the organization.
Prioritize areas of improvement and digital levers according to the amount of time needed to implement
MPLEMENTING CHANGE THROUGH DIGITAL
Use digital to track execution.
Prioritize among digital projects.
Capitalize on the cloud.
Apply agile processes
Identify the right talent.