Sharpen the sawSystems for Medium-Sized Businesses
The shutdown resulting from the Covid-19 virus makes this a perfect time to re-assess business priorities. While the country is in a low-demand cycle, businesses can implement systems and controls that will have a long-lasting effect on productivity and efficiency.
Business scientists have identified key elements which should be present in companies that wish to grow, struggle in difficult trading conditions or wish to optimise their business. However, the SME sector does not always have resources to implement and maintain these key elements. This makes it difficult for smaller organisations to compete against larger competitors.
Prosperis addresses this need by offering a bundle of services that will strengthen the internal systems and control. This bundle will:
- Create insight into the business performance;
- Keep all stakeholders and employees informed;
- Align the business to mutually agreed goals;
- Build resilience.
Click on the image below for an example of a KPI Dashboard
To manage a business is hard. There is always a dozen balls in the air, complex problems and multiple stakeholders to consider.
Leaders are often so occupied with the daily operations that they are forced to neglect activities which will proactively prevent problems from occuring. Without time there is no capacity to formulate common goals, align everyone, impliment systems to achieve the goals and to monitor progress. This manifest itself in many ways, such as:
- Failure to communicate key indicators to all stakeholders:
Financials and budgets only impart a partial insight into the operations of the organisation. Different stakeholders requires different information, and it is not always possible for leaders to communicate the right information to everyone. This can lead to confusion and wrong perceptions to develop.
- Shareholders, management and staff not aligned towards common goals:
With hundreds of medications in the market, Pharm Ltd. needed a proper method to predict and manage their inventory. Using a mean absolute percentage analysis (MAPE), the teams defined appropriate levels for raw materials and finished products by mapping actual versus forecasted sales on the most important SKUs.
- Wasteful and inefficient systems:
The diagnostic determined the stressors that affected sales and service levels. The teams focused on resolving issues related to higher-than-normal back-orders and lead times, which stressed the entire supply chain and led to delays in medications reaching consumers.
Prosperis identified a set of core tools and competencies an organisation needs to operates optimally. We categorised them as follows:
- Systems:
In addition to budgets and financials, easy to maintain Management Reports and Balanced Scorecards provides insight into the actual performance of all areas of the business. It also provides the tools needed to keep all stakeholders informed. We developed easy and safe measuring systems to cast a light on the production efficiency and productivity of all spheres of your business.
- Cohesion:
It is vital that everyone, from management to the workforce, work towards the same goals. We facilitate strategy sessions where academic principles are applied to identify measurable goals. Various scenarios are mapped out to identify the proper path and actions needed to reach the most desirable outcome. Using coaching techniques, teams are aligned towards these goals.
- Optimisation:
Leaders and key employees are required to perform optimally. Using Neuro-Analytics, we analyse the underlying drivers of performance and prepare an individual or team-based plan to ensure high performance.
Once organisations have clear goals, an accurate measurement matrix and cohesive approach generally improves their productivity and throughput while decreasing workplace conflict. Goal-directedness and :
- Improve sales and operations and production planning:
The teams focused their efforts on a few of the highest-value S&OP levers in order to review the current planning process, identify gaps in the planning infrastructure and analytically understand demand and supply variability.
- Determine the right inventory level:
With hundreds of medications in the market, Pharm Ltd. needed a proper method to predict and manage their inventory. Using a mean absolute percentage analysis (MAPE), the teams defined appropriate levels for raw materials and finished products by mapping actual versus forecasted sales on the most important SKUs.
- Optimize the supply chain for perfect order planning:
The diagnostic determined the stressors that affected sales and service levels. The teams focused on resolving issues related to higher-than-normal back-orders and lead times, which stressed the entire supply chain and led to delays in medications reaching consumers.