EPM combines advanced analytics and data in generating new operational pathways designed to deliver measurable results. With a predictive framework in place, factors such as cost, revenue, budget, and profits are considered together.
Using the Six Sigma approach, a core mandate of EPM is the elimination of waste, such that process defects can be minimized and customer needs fully met. A system of key performance indicators is employed in further quantifying those aspects of operations that define positive performance.
Through this data-intensive evaluative process, transformational change can often be implemented in the workforce, automation, research and development, supply chain, inventory, and other areas of operations.