Business leaders understand the importance of driving efficiency into their company. Having the ability to do more with less, without compromising. Whether it’s a product, service, business process, and the nooks and crannies of running a business, driving maximum efficiency with fewer resources maximizes its potential profitability, and the capacity to reinvest. In today’s developing world, businesses are inclined to greater productivity with access to business technology that drives production efficiency to their operations. These technologies change the way business is done. Whether it’s a robot handling meals to automating and digitizing procurement, it advances businesses to unlock efficiency solutions with ease. In this article, we will talk about what business efficiency is and five use cases of production efficiency for businesses in the Philippines.
What is Business Production Efficiency?
Business production efficiency refers to the extent to which a company can optimize its processes and resources to maximize output at minimum costs. In more simpler terms, it refers to the extent of a business’ capacity to do more with less.
It’s a measure of how well a business can produce goods or services with the least amount of resources, time, and cost. Efficiency is a crucial factor in determining a company’s profitability and competitiveness in the market.
Examples of Business Efficiencies in the Philippines
To give you a better perspective and understanding of business production efficiency is, here are some examples of it in the Philippines. I’m sure you’ve heard or seen these technologies in action.
- Self-service Kiosks
Long queues at peak, busy hours tend to have lengthier queues and slower service. When you grab a quick lunch during your break it may take a large fraction of your time just standing in queues and waiting for your order to be served.
Self-service kiosks are often seen in fast food restaurants such as McDonalds, KFC, Jollibee, and more. These self-service kiosks allow customers to order their food from a digital kiosk with the accessibility of paying with e-wallets or cash to be paid at the cashier. With self-service kiosks, this reduces the time for customers lining up at queues, providing convenience, and a faster ordering process for customers. On the other hand, it makes it easier for the cashier to input orders.
Self-service kiosks aren’t only limited to fast food chains, but also at airports. You know how Filipinos go to the airport 5 hours early, to avoid the fear of missing a flight. The fear of checking in late. Well, Philippine airlines, AirAsia, and other airline companies introduced self-service check-in kiosks reducing wait times for customers and improving overall customer satisfaction. This means no more waiting in long queues, allowing customers to check-in early.
- Artificial Intelligence (Graphics, Copywriting)
The use of Artificial Intelligence, sometimes AI, in the professional workspace or labor forces is highly controversial. Creative professionals such as graphic designers, copywriters, are highly against the use of artificial intelligence in their works. They seem skeptical about the development and fear AI “might” replace human creativity.
Which is not the case for Jollibee’s Jollibots. In launching Jollibots, they understood that it would assist its crew, not replace it. And that’s how artificial intelligence should be utilized in a professional setting.
As business owners, they understand the power of adaptability. With AI solutions providing automated and streamlined business processes, you are equipped to do more.
Artificial intelligence can aid graphic designers in generating human-like photos for their marketing campaigns. Rather than spending countless hours scrolling and searching for the right photo, graphic designers can dictate better visualization of their models, specific actions, and posing through the use of Midjourney.
OpenAi helps solve your problems better than Google. I bet you’ve encountered countless specific, niche problems that only a YouTube video can provide a solution, OpenAI can provide you with specific, targeted solutions, with you providing a sentence or two of your problems.
For copywriters, AI writing tools such as Writersonic, Jasper AI, and others, can help you construct easier and better email and article outlines, helping you write and publish faster.
Artificial intelligence is something to be utilized, not to replace human intelligence. It cannot replicate human intelligence, emotions, and creativity. Thus AI should be utilized only as a tool.
- Automated Payroll systems
While automated payroll systems are being utilized for a time now, it is one of the best examples of business production efficiency that can be seen in today’s business world. The utilization of automated payroll systems lessens the risk of manual human error in calculating and distributing payroll.
On another note, automated payroll systems such as Philippine based business, Sprout Solutions, often come with a digital time bundy clock for their employees to efficiently clock in and out digitally. This streamlines the process of clock ins and clock outs of employees. Whether they come in late, automated deductions are implemented on their salary. Request for overtime, leave, adjust time schedules? Employees can file requests for their supervisors to approve it, all in one click.
- Meal-serving Robots
Have you seen the cute meal-serving robots at Jollibee that had gone viral over the internet? It even has a cute cat face on its digital interface! They are called Jollibots. A robot that serves your meal that delivers your order while you wait. These Jollibots are made to help the crew with delivering customers a jolly service without the intention of replacing them.
These Jollibots coincide with Jollibee’s trademark service, ‘Alagang Jollibee’ an brand of Jollibee’s service to their customers, providing joy, smiles, and satisfaction.
This innovation can help the crew on peak, busy hours, especially when they are understaffed. With Jollibots coming to their aid, more and more customers can be served with joy.
- Digitized B2B Procurement
With an estimated revenue of eCommerce projected to reach US$16.25B in 2023, online purchases are expected to rise. Did you know that businesses can automate and streamline their procurement processes through B2B eCommerce? Yes, that’s right! It’s time to say goodbye to the traditional, lengthy process of procurement and say hello to the streamlined and automated way of procurement.
Digitized B2B procurement is a game changer. Businesses, companies, and corporations alike can perform their procurement process through B2B eCommerce. An eCommerce marketplace but for business to business transactions. A B2B eCommerce platform in the Philippines, Shoppable Business, can aid businesses in embracing digitized procurement.
With Digitized B2B Procurement, everything in your business procurement lifecycle is streamlined. From supplier selection, product selection, approvals, negotiation and contracts, through product delivery, invoices and compliance, everything can be accomplished within a few clicks.
Digitized B2B Procurement saves time, costs, and energy, in the cycle of purchasing and buying for your business.
Shoppable Business – A Business Production Efficiency Solution for Procurement
Shoppable Business changes the way businesses do business. From selling products to business customers – and consumers, to buying products and goods in bulk, at business-only prices. Shoppable Business is a B2B hub for all businesses in the Philippines, no matter the size or type of business.
Why Become a Seller in Shoppable Business
- Access to a large customer base – giving businesses the opportunity to expand their reach and increase sales
- Increased visibility and brand awareness – a platform for businesses to showcase their products/services and potentially attract new customers
- BNPL (Buy now, Pay later) – grow your ASP; buyers/companies can apply for a loan up to ₱150,000.00
Why Become a Buyer in Shoppable Business
- Wide product selection from different categories – a one-stop-shop solution for businesses’ procurement needs
- Save company time and money – Customized orders, RFQ for specific quantities, bundles, configuration, Track their orders, view purchase history
- Need it now but limited budget – BNPL apply and get up to ₱150,000.00
What are you waiting for? Start your transition to digitized procurement with Shoppable Business as a buyer for your procurement needs or a seller to provide procurement solutions for your clients.
Conclusion
Innovative business solutions are arguably one of the most sought after strategies that businesses use today. From delivering production efficiencies to their business, whether it’s a product or a service, or even the nooks and crannies of running a business, getting the most value from minimal costs and risk is a great strategy towards better profitability.
