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Results - Does a ScoreCard Really Help?
We have many examples where, a few months after ScoreCard implementation,
performance improved (It’s amazing what happens when you measure
performance!):
- In one company, average age of receivables dropped from 128 to 59
days, resulting in a $20M improvement in cash flow
- In another, on-time shipments went from 85% to 99% within 6 weeks
From Worst to First: Some companies want help with specific problem
areas:
- One region (of 33 nationwide) ranked dead last in performance. With
team measures, cycle times improved by 30% and revenues by 45% (a
$30M improvement with no increase in resources). They went from worst
to first
in the nation in 18 months
- In another company, a badly splintered, 22-person
manufacturing management team developed shared goals and measures
and reduced backlogged orders
by over 50%
ScoreCards are powerful communications tools that do achieve results.
That’s why you want them tied to your strategic themes.
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