{"id":852,"date":"2014-11-03T07:30:34","date_gmt":"2014-11-03T07:30:34","guid":{"rendered":"https:\/\/dhp.co.uk\/?p=852"},"modified":"2019-04-02T09:13:11","modified_gmt":"2019-04-02T09:13:11","slug":"identify-problems-reveal-operations","status":"publish","type":"post","link":"https:\/\/dhp.co.uk\/identify-problems-reveal-operations\/","title":{"rendered":"How to identify problems and reveal opportunities in your operations"},"content":{"rendered":"\n\t<p>There are a variety of indicators that can help you to identify problems within your operations.<\/p>\n<h2>High or rising customer complaints metrics<\/h2>\n<p><strong>Customer complaints are a valuable and very rich source<\/strong>\u00a0of information about how your operations are performing. So listen carefully to what your customers are saying, and look out for trends that could help to identify emerging problems.<\/p>\n<ul>\n<li>Do you have a root cause analysis framework to methodically analyse problems?<\/li>\n<li>Does this framework incorporate information from your risk or quality reports?<\/li>\n<li>Taking a holistic approach to root cause analysis will identify the most meaningful trends.<\/li>\n<\/ul>\n\t<blockquote><p>\u201cYour most unhappy customers are your greatest source of learning.\u201d<\/p>\n<footer>Bill Gates<\/footer>\n<\/blockquote>\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/dhp.co.uk\/wp-content\/uploads\/2014\/11\/customer-complaints-300x200.jpg\" alt=\"Upset woman having unpleasant conversation on a phone\" itemprop=\"image\" height=\"200\" width=\"300\" title=\"Upset woman having unpleasant conversation on a phone\" onerror=\"this.style.display='none'\"  \/>\n\t<h2>Poor or declining net promoter score<\/h2>\n<p>Just like your level of customer complaints, your net promoter score is a direct reflection of how well you are satisfying your customers\u2019 needs.\u00a0<strong>Any decline in your net promoter score can provide an early warning that all is not well within your operations.<\/strong><\/p>\n<p>NPS scores are meant to demonstrate that your operation is performing well in the simplest form but they tell you nothing about what areas you are performing well in.<\/p>\n<p>Scores are often overall rather than broken down into different operating sectors which can give a poor representation of operational performance.<\/p>\n<p>In order\u00a0<strong>to maintain high levels of customer service, you must first understand which areas of your operations are performing well<\/strong>, and more importantly which aren\u2019t, rather than relying on an overall indication of operational performance often derived from NPS which can be inaccurate.<\/p>\n<h2>Reduction in new business volumes<\/h2>\n<p><strong>A decline in new business volumes may be the result of products that have failed to keep pace with the competition.<\/strong>\u00a0But it\u2019s also possible that poor customer experience within the acquisition process is damaging sales. So if your products appear competitive but you\u2019re not winning your usual share of new business, take a closer look at your on-boarding process and identify from a customer view how easy you are to deal with and how well you are actually doing business internally.<\/p>\n<h2>Poor retention<\/h2>\n<p>Just like new business volumes,\u00a0<strong>poor retention or high customer attrition can also be a result of product design and or market conditions<\/strong>, but it is also an early indicator of poor customer service. So when attrition rises, it\u2019s important to understand precisely why your customers are leaving you \u2013 the answer is often in upstream task activity resulting in slow, poor service creating negative sentiment in your customer base.<\/p>\n\t<blockquote><p>\u201cChange is not a threat, it\u2019s an opportunity. Survival is not the goal, transformative success is.\u201d<\/p>\n<footer>Seth Godin<\/footer>\n<\/blockquote>\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/dhp.co.uk\/wp-content\/uploads\/2014\/11\/inherited-problems-254x300.jpg\" alt=\"Businessman looking at arrows pointed in different directions\" itemprop=\"image\" height=\"300\" width=\"254\" title=\"Businessman looking at arrows pointed in different directions\" onerror=\"this.style.display='none'\"  \/>\n\t<h2>High or rising cost base<\/h2>\n<p>Changing market conditions or an evolving regulatory framework can drive up your cost base in the short term, but\u00a0<strong>have you got actions underway to deliver sustainable reductions over the medium to long term?<\/strong>\u00a0Identifying and eliminating work in operation is the most sustainable way of positively impacting unit costs.<\/p>\n<p>In addition to these \u201cmetrics\u201d, you may also be hearing white noise from sales and marketing who say they\u2019re happy with the products but they\u2019re struggling to hit their targets. Or you may find that audit and compliance are raising concerns about sales or claims handling procedures. So the first step to identifying potential problems within your operations is to take a look at the Operation holistically.<\/p>\n<p>If key performance indicators are a direct result of systemic issues within your operations, you can then identify the causal links and highlight the root cause of the problem. If this points towards operations then the questions must be asked \u2013 what have you done to invest in this function in the last 36 months?<strong>Your operations may be working hard but are they working smart?<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are a variety of indicators that can help you to identify problems within your operations. High or rising customer complaints metrics Customer complaints are a valuable and very rich [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[17],"tags":[150,151,152,155,156,157,110,158,159],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v22.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to identify problems and reveal opportunities in your operations<\/title>\n<meta name=\"description\" content=\"Are you struggling with problems in your operations? 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