Business Alignment & Turnaround (Part 1 of 4)

Business Management Health Assessment (BMHA)

“Designed for the Manufacturing Industry”

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BUSINESS ALIGNMENT & TURNAROUND

QUESTION => Manufacturers – Are you achieving 500% + on Overall Equipment Efficiency?  Are you achieving the planned ROI?

In this months’ topic series for BUSINESS ALIGNMENT & TURNAROUND, we will be discussing a number of business domain elements governing your business.

They are:

  1. Business Alignment
  2. Factory Optimization
  3. Financial Performance
  4. Market Need
  5. SWOT Analysis and,
  6. Workforce Infrastructure

This week, we will focus on the domains of BUSINESS ALIGNMENT AND FACTORY OPTIMIZATION and the criticality of its affect on achieving business goals and growth.

First, Business Alignment is tied to your current and future business state.  Related to Products and Services, one has to be critical and strategic about the current product or service you provide and how well that fits with the business plan and objectives.  Furthermore, how they are aligned with your current customer/market sector needs is critical to the survival of your business.

It is always a good exercise to perform an assessment of desired product line versus what should be retired on an annual basis.  There may be contractual obligations preventing the immediate or prompt release of nonstrategic product or service.  Those perhaps may be farmed out to a better suited manufacturer within your supply-chain?

There may be strategic reasons to keep an underperforming product that will prove to be pivotal in the future.  All part of the bus-strat planning.

Looking toward Development Planning and if your company is in a recovery or turnaround position, ask yourself, do we have a turnaround roadmap established?  If not, its time to buckle down with the leadership team of the organization and get one.  Without it, a rudderless journey is in your future.

Our previous blog topics over the past three (3) months have covered details about performance.  If you haven’t taken time to read them, please do and you will see that performance is a result of good business strategy planning tied to a company’s mission statement and purpose of being.  Furthermore, performance is not only linked to strat planning, it is the result of a well planned tactical execution.  That is where the rubber meets the tarmac as they say.

It is easy to say all of the above and it is difficult to implement without the plan and roadmap that the entire team must buy into.  We often state that the solution is often not that difficult to establish.  What is difficult is the implementation of the alignment plan.  Uncomfortable product decisions, having the right resources in the right seats, contractual obligations impeding your future business state and, having the funding to support the evolution is the difficult part of the process.

Regardless, it is necessary for developing the business and surviving the race to compete.

This leads into the second half of this week’s topic – FACTORY PERFORMANCE.  Performance as mentioned is the result of the above taking place on a regular and planned basis.  Optimization can only be experienced if the product and equipment that produces it is in line with the business strategy and target market it serves.  Are the capital assets planned for current and future state of the product demand?  Are they positioned within the factory allowing morphing/movement to meet future needs with minimal cost and effort?  Tactical plans are important to avoid costly and unplanned downtime risking contractual obligations and risk of business loss all together.

For further information on FACTORY PERFORMANCE, please visit our website to review blog section on “Business Results & Performance”.  It is a four (4) part miniseries that we believe you will find enlightening.

Next week, we will tackle the associated domains of Financial Performance and Market Need.  Until then, happy strategic planning.

We encourage you to reach out to us on this topic.  We are practitioners with a true passion to help manufacturers like you meet your objectives.  It costs nothing to enquire and we wager that you will be glad that you did.

Lastly, take a few minutes to view our VIDEO on link below for this business management principle.

 

The BMHA is an efficient LYNXBMG auditing and business development process assessing eight operating key business management principles & institutional processes.

Extended support by LYNXBMG enables manufacturers like you to execute continual improvement through mentoring of personnel and optimization of your operating processes.

Flexible Product Options:

OPTION A
Client self-performed assessment – Internally managed.  Formalized Report-Out.

OPTION B
Assisted assessment – Leave the process to us – 3 Day on-site process with a LYNXBMG Business Development Expert to manage and document a deep dive of your operational business.  Formalized Report-Out and Roadmap to develop the business.

With a completed BMHA, we guarantee leadership will have clarity on:

  • The level of congruence within the functions planning, managing, and controlling the company.
  • The level of congruence and integration of the management processes used to drive the company.
  • The alignment of the business plan to the company’s core objectives.
  • Strengths, weaknesses, opportunities, and threats within the company.
  • Opportunities for cost reduction and performance improvements affecting overall equipment efficiency (OEE).
  • Procurement and purchasing leverage opportunities.
  • Operations and Quality Assurance alignment.
  • Organization readiness & prioritization of what to focus on to develop the business.
  • Progressive steps to achieving a lean enterprise.
  • Expected ROI from development actions taken ~ 500+% based on OEE improvement to manufacturing quality, efficiency, resource allocation & management processes.

Our Mission is to help manufacturing organizations achieve operational excellence, profitability, and growth in a competitive market through the mentoring of personnel and optimization of processes.

Our Core Values are:

  • Integrity & honesty
  • Demonstrate and build trust
  • Genuine care for Client growth and wellbeing
  • Coaching and devotion for excellence
  • Making a difference for industry

For more information or to order your own BMHA from LYNXBMG.

We look forward to hearing from you.