Customer: “It may be another four weeks before we get our revised specifications to you.”
Project Manager: “We’ll need another three or four weeks to complete the project.”
A print company increased its business dramatically by promising and delivering product with much shorter lead times. A manufacturer of auto accessories doubled its business in three years by shrinking delivery times. A retail outlet increased profits and reduced labor costs by anticipating customer questions and resolving issues in their first communication.
News alert—speed adds value.
Surprisingly to many, it is often possible to be faster and better at the same time. Look to increase speed in multiple ways–shorten meetings, schedule fewer meetings, time agenda items, create deadlines on everything, make the decision (If it does not work, change it.), reduce approval processes, ensure that people have the talent to perform their jobs, time every major task, complete lesser tasks quickly, assume your day ends at noon.
Make it a point to deliver some items ahead of schedule. Money swirls down the drain when projects, decisions and deliveries take too long. Contrary to the fable, fast is better than slow.