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Would you, or could you, do more to help your company’s profitability if you were financially compensated? That is, would you purposely look for opportunities to save money, lower operating costs, improve workflow, and ultimately, maximize profitability, if there were a financial incentive for each and every initiative you suggested, scoped, and rolled out. In theory, it sounds nice; but in reality it isn’t used often and is extremely difficult to sustain.

A lot of companies  use some form of a Six Sigma, Lean Enterprise, DMAIC, Agile Manufacturing methodology to drive continuous improvement within their enterprise. (It is especially used for new employees.) But a recent Schneider Electric survey found that while 79% of our SimSci customers intend to implement some form of continuous improvement this year, the majority (85%) plan to use software to meet their goals and more than half (58%) will also use training. What’s interesting in these findings is that both Six Sigma-related methodology and Financial incentives are the least used.

So if Continuous Improvement is better, what is it? Continuous Improvement is the pursuit of safe, profitable, and reliable operations by empowering employees to persistently evaluate and improve processes with respect to their effic...