Business Intelligence and Integration Solutions for Management Strategies
Information Builders Performance Management Framework can empower your organization with unhindered insight into the factors that most impact success, enabling continuous evaluation and improvement.
As companies across all industries strive to improve operational efficiency and boost profitability, many of them are turning to proven management methodologies to achieve their most important goals. Some of today’s most popular management techniques include Balanced Scorecard and Six Sigma.
The Information Builders Performance Management Framework is a robust, full-featured solution for setting, measuring, and tracking business strategies. Comprehensive enough to support even the most sophisticated plans and objectives, yet flexible enough to conform to virtually any management approach, the Performance Management Framework empowers companies with unhindered insight into the factors that most impact their success, allowing them to continuously evaluate and improve their most important business activities.
Balanced Scorecard (BSC)
Developed by Robert Kaplan and David Norton in 1992, the BSC approach facilitates the translation of high-level corporate goals and strategies into specific, measurable metrics. These metrics are then continuously monitored and analyzed to assess organizational performance and determine progress towards strategic objectives. Indicators are broken down into four primary categories – financial performance, customer satisfaction, internal processes, and growth and innovation – which ensure that all aspects of a company’s operations are being carefully evaluated, and that analysis is performed from multiple perspectives.
Six Sigma
Six Sigma is a highly systematic management approach designed to increase the efficiency and effectiveness of manufacturing operations and other business processes through greater insight into and control over them. By combining quality management techniques and the in-depth analysis – as well as subsequent restructuring – of current methods and procedures, Six Sigma minimizes variations and waste in finished goods, services, or supporting activities by enabling fast, accurate identification and correction of problems and issues. As a result, it eliminates defects, accelerates cycle times, increases productivity, and reduces expenses.