Existing business transformation
A business may be struggling with reduced margins and increased business competition especially when products start to become legacy, technology is old and competition has picked up. In the areas of automation, sensors, electronics, computing, manufacturing etc., technology landscape is rapidly changing where innovations and changes are taking place on a daily basis. Machinery, processes, components and final products can become quickly out-dated and businesses can pay a heavy price for not reforming their product line and making their solutions more market competitive. Existing business transformation deals with a critical evaluation of how the companies make their current products and offer services, followed by the introduction of technology, business and process changes to remain competitive and profitable.
Our services
- Technology review to include machines, components, processes, factory operations, quality management, risk management, suppliers, inventory management and other key areas to provide a framework to understanding manufacturing pipeline performance and issues
- Identification of performance issues in need of improvements
- Guidance on improving software and IT to streamline operations
- Identification of technology gaps and recommendations on how best to fill them
- SWOT analysis of individual product lines
- Digital data flow analysis within the organisation and recommendations
- Identification of new technological developments that offer an opportunity to upgrade legacy systems
- Identification of training needs for personnel
Our approach
The competition nowadays is truly global and therefore products and services have to be globally competitive and relevant to customers. Failure to upgrade them can pose serious financial risk. We assess how much of the technology used by the company is exclusive to them in producing certain products, what is the future of these products in the market and how is global competition stacked up against them that can beat these products in price and quality. Improving existing business operations is always more challenging than consulting on new projects as most companies are already used a certain way of working and making changes is not always easy. Once the top management agrees that there is an issue or upcoming problem on products and services losing their competitive edge in the market, we step in with laying out the groundwork for a systematic evaluation of existing products, processes and operations to make detailed recommendations on how technology and business transformation should be carried out.
Issues you may be facing
There is always scope for improving current products and services and most businesses are well positioned for doing it themselves. In many situations, external expertise would be needed if:
- You are seeing margins reduce, competition increasing and believe that others can beat you on price and quality
- You are aware that your business processes are not fully optimised, machinery may be getting old, software systems are legacy by now (desktop based as opposed to web/cloud solutions) and different internal business units are working in silos
- You have found that there is a shrinking customer base for your products and services which may not meet latest regulations and compliances
- You realise that business growth is not sustainable and the business either needs an extensive upgrade or diversification
- You need an external audit or appraisal of your products and services and need to understand what, how and when some of these need to be improved