Final project: creation of a statistical analysis report
1. Labor costs: Labor costs can have a major impact on operational efficiency and performance, as they are often the largest expense for businesses. Rising labor costs can be due to higher wages, overtime hours or employee turnover, all of which can increase expenses and reduce productivity.
2. Equipment availability: The availability of equipment is key to ensuring that operations run smoothly. If there is insufficient or outdated equipment available it may lead to delays in production and a decrease in quality.
3. Process complexity: Complex processes with multiple steps require more time and resources in order to complete them efficiently which negatively affects operational performance over time.
4. Quality control issues: Poor quality control procedures can lead to a variety of problems such as increased rework, delivery delays, customer dissatisfaction and an overall decrease in operational performance.