Reduce Unique ICDs by Redesigning the Product or the Process
The objective of this activity is to reduce the number of ICDs by reducing the occurrence of an ICD in producing a unit of Output, or by reducing the number of separate ICDs used in the Output. A unique ICD is one of the key activities in the work center's contribution to the final product (O). It is separate and distinct from any other activity in the work center. For example, the fastening of a part onto a subassembly and a quality control check of the subassembly would be unique ICDs.
B. Redesign the process of producing the ICD or Output
Change the process used to produce the ICD or Output to eliminate activities.
5. Reduce errors in process
Improve the diagnosis of the situation: Segment customers with specific buying patterns to focus marketing efforts:
Use third party sales data
| No. | Industry SIC | Year | Notes |
| 1 | 6141 | 2004 | McKinsey has found four broad approaches that suggest ways for credit card issuers to use risk management to improve their profitability by as much as 5%-15%. The second approach is the way issuers find customers. Since more than half the issuers use the same customer information from the same credit bureau, some issuers are therefore tapping into risk-correlated data captured internally or by affiliates. Customers who exhibit strong prudence by purchasing fire extinguishers or maintaining strong auto insurance records, for example, are often good credit risks. |
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