Value Assessment and Transformation Roadmap for an Effective Strategy
Before you renovate your industrial architecture or buy more software, create a transformation roadmap that meets your business objectives and addresses your company’s specific challenges.
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Transformation projects that don’t deliver expected results don’t have to be the industry norm
What happens when the organization invests without understanding and articulating the expected results, time-to-value, and strategic impact of any given project? Industry research firms caution manufacturing business leaders about choosing the wrong software platform, and about not properly aligning people, processes, and technology. Yes, using the right solution to solve a business problem is important, but has your company analyzed and documented the performance impact and strategic value of solving that problem? There are many reasons why transformation projects don’t deliver expected results:
- Unclear or unrealistic expectations about time-to-value, performance impact, and strategic value
- Change management gaps
- Misalignment across people, processes, and technology
- Lack of sponsor engagement and support
- Excessive deployment time and burden on company resources
We help you create a transformation roadmap that does much more than address your company’s specific challenges. We help you articulate the value of your transformation investments, set priorities, and create a strategy to deliver sustainable business results and long-term value.
Create a transformation roadmap that spells out investment priorities, timing, cost, and anticipated impact
Before you renovate your industrial architecture or buy more software, create a transformation roadmap that meets your business objectives and addresses your company’s specific challenges. Use time-to-value, performance metrics, and strategic value to set priorities for technology investments and transformation initiatives.
If budget is limited or your company wants to fund future projects with gains created by early investments, business leaders can use the transformation roadmap to decide which projects will maximize available funding at each stage.
A pragmatic transformation roadmap spells out investment priorities, timing, and cost, plus the anticipated impact financially, to the company’s reputation, and in terms of competitive advantage.
Create a transformation roadmap that meets your business objectives and addresses your company’s specific challenges. Understand your true starting point and identify opportunities across manufacturing operations and the supply chain. Use time-to-value, performance metrics, and strategic value to set priorities for technology investments and transformation initiatives.
Document financial impact at a granular level
Revenue impact
- Increase sales for reliable/fast delivery (assuming demand and capacity exists)
- Improve margin for reliable/fast delivery
- Improve margin via better product mix
- Increase sales due to increase in capacity (assuming demand exists)
Inventory impact
- Reduce raw material inventory
- Reduce WIP inventory
- Reduce finished goods inventory
Operating expense impact
- Reduce overtime costs
- Reduce premium freight charges
- Reduce outsourcing
- Reduce obsolescence
Understand the value of each transformation step
Manufacturing companies across every sector are investing in technology that helps the workforce identify problems sooner, make better decisions, and have a greater impact on overall business results. Nearly every functional area throughout an organization has the potential to leverage modern technologies to drive performance improvement and contribute to competitive advantage. Transformation is happening across supply chain management, manufacturing operations, labor management, project management, and others.
However, a transformation initiative is so much more than "turning on the software." Every company has unique business processes, and every company operates within a distinct industry or across a unique mix of sectors. Plus, there are an infinite number of factors that impact business results: materials cost and availability, plant locations, availability of skilled labor, customer commitments, age of equipment, time of year, climate, and so many more. These factors and many more make it difficult to decide which projects to tackle, and in what order.
How will you decide which projects should come first, second, and so on?
A value assessment is much more than an expression of ROI
A good value assessment takes into consideration your company’s true starting point and improvement opportunities across manufacturing operations and the supply chain. A great value assessment analyzes the potential impact each transformation project in relation to current business performance, then tempers a recommendation with reliable insight about implementation cost, time-to-value, operational performance gains, and long-range business value.
- Step 1 – Assess digital and performance improvement capabilities across manufacturing operations and/or supply chain
- Step 2 – Identify transformation opportunities that support business objectives
- Step 3 – Analyze potential impact of one or more transformation projects in relation to current business performance
- Step 4 – Quantify time-to-value, performance metrics, and strategic value of each opportunity
- Step 5 – Recommend immediate, mid-range, and long-term priorities
- Step 6 – Create a transformation roadmap
