The core problem in business resource management is not knowing who's doing what. No one's on the same page, time's being wasted and money is being spent to keep the whole charade going.
Wouldn't it be good to know where things may be overlooked so that you don't fall into the "time is money" cliche?
Below are 10 ways business resource management is overlooked.
The entire hiring process can be filled with setbacks and useless meetings. Defining who's in charge of the hiring process puts the responsibility on a singular person.
The last thing you want is to have multiple people in charge of letting someone go. It's a topic that should be handled with care but as the saying goes, the only thing worse thing then firing someone is not firing.
Your company has multiple departments. Each may have its own purchasing power. Wouldn't it be great to know if another department has a piece of unused equipment that's needed by your department? It would! Simple resource management software can quickly gives you the entire scope of equipment you have at your disposal.
4. Project Management
It's always a best practice to assign different tasks to the team member with the right skillset. This introduces responsibility and accountability for the various tasks within a project. But how do you know who has the bandwidth for the new tasks? Do they have the right skill set required for the task? Resource management software give you this snapshot of team members at a moment's notice.
5. Equipment Management
If your company relies on equipment to get jobs done, it's easy to overlook which piece of equipment was checked out and when will it become available again. Do you have a system in place that can quickly see where everything is? Searching around for who has what is waste of time and money.
6. Sales Teams
Are your sales teams are constantly calling each other's leads? This a big problem that is aggravates potential clients and kills deals. Get everyone on the same page and to collaboratively make more money!
7. Client Management
What's going on with your current clients? At what stage are they into their project? This is information that is business critical and should be available to you at a moment's notice. Having this high level picture of how your clients are doing is a big deal.
Keeping an eye on business expenses is one of the keys to success. Try reviewing your expenses during a weekly or monthly routine.
9. Workplace Efficiency
Are things getting done in the time you thought they would? Should you be billing for more hours? Keeping an eye on efficiency across the board (that includes you!) can make big a difference.
10. Business Intelligence
You've collected all of this data, but who's in charge of it? What methodologies, processes, and technologies are you using to process it? Are you spending money to collect this data? The data isn't good to anyone unless someone is responsible for to measure, organize and re-plan it.
These are just ten common areas that are often overlooked. What other places do you see resource management slipping? Let us know in the comments.