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Operations Management
Anticipated impacts upon operating efficiency Some people see the work they perform as unnecessary. The negative impacts would be mitigated through focusing on sending accurate bills. This will include evaluating the impact that current practices and actions have on efficiency and accuracy. For instance, in previous engagements, the billing systems of clients generated numerous billing exceptions manually evaluated by billing clerks. At least half of the reviewed exceptions had been approved to be sent without changes. This would give an opportunity to automate the decisions in the billing framework and minimize work volumes (Charnes, 2010).
Upon initiating operation efficiency, Midas will be able to mitigate challenges associated with customer service operations. Call volumes and customer inquiries will reduce because customers will not struggle anymore to complain about high bills or pay outstanding balances. Activities related to the collection will also reduce from efficient services and negotiating payment arrangements (Williams & Williams, 2009). Similarly, Midas is also under pressure to minimize customer service budgets in the next fiscal year. At some utilities where operational efficiency has worked, procedures spurred field inspection responding to evidence of tampering or billing exceptions. Smarter implementation of operation efficiency will permit customer service to minimize field visits. For instance, in case of tampering, a series of facility inspection will be arranged to guarantee that no further tampering will occur. Utilizing automated meter readings, customers will be able to be served without the need for field visits.
How I would attempt to minimize the negative impacts
Operating practices should be changed to accommodate the tune-ups
Succeeding as a small firm implies the changing of operating practices to accommodate tune-ups. This will make Midas a good company and a perceptive business organization. Fortunately, colleges and universities have done a successful job of educating people how to finance, budget, and treat a business for…
References
Charnes, A. (2010). Data envelopment analysis: Theory, methodology, and application. Boston: Kluwer.
Palk, D.M. (2007). Differences in airport operational efficiencies and environmental impact: An examination of United States large and medium hub commercial airports. Oxford: Oxford University Press.
Williams, S., & Williams, N. (2009). The profit impact of business intelligence. Amsterdam: Elsevier/Morgan Kaufmann.
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