How to get fit for the future: Oliver Wight launches new guide
As the mining boom tails off and an air of uncertainty forms over the future of the Australian economy, organisations need to make sure they are ‘fit for the future’, is the message from business improvement specialists, Oliver Wight. Their latest executive guide details the features and benefits of a business health check, and offers pragmatic advice on how organisations can prepare for the future, whatever it holds.
“Australian businesses were lucky enough to avoid the brunt of the global financial crisis, but faced with the current uncertainty and cost-cutting culture, following the cooling of the Chinese economy, there are important lessons to learn from what happened to the US and European economies,” says Mike Reed, Managing Partner of Oliver Wight Asia Pacific.
“The global recession struck with such speed, many organisations went in to survival mode, pulling the plug on the supply chain and simply firefighting to get by. Drained of inventory, businesses then struggled to meet demand as it returned. The lesson learned was to dramatically improve their processes to avoid the same ever happening again. Future success ultimately boils down to the health of your business and its core processes. Now is the time for Australian businesses to pinpoint failure modes so they can close any gaps, before its too late.”
The Oliver Wight Health Check combines the industry-renowned Class A checklist, a business maturity assessment, comprehensive diagnostic and Oliver Wight’s performance benchmarking tool to highlight weaknesses within the core business and supply chain processes, producing a comprehensive action-oriented report.
“The report not only details the business’ current position and highlighted gaps, but the potential opportunities and gap closing activities,” explains Reed. “Reviewed by our experienced team of industry practitioners, it provides practical, useful advice to help an organisation improve its core processes, not just supply chain, but demand and product management too.”
Developed following high level of demand for this type of service, Reed believes organisations are increasingly realising the importance of preparing for the future. “The time and cost of conducting a Business Health Check is not substantial but the price of not knowing where you stand, and then failing to service customer demand effectively, is potentially fatal,” he concludes.
Download a copy of the Oliver Wight health check brochure here: http://oliverwight-ap.com/library-events/white-papers/m/product/view/89
Oliver Wight AP
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About Oliver Wight
At Oliver Wight, we believe sustainable business improvement can only be delivered by your own people; so, unlike other consultancy firms, we transfer our knowledge to you. Pioneers of Sales and Operations Planning and originators of the fundamentals behind supply chain planning, Oliver Wight professionals are the acknowledged industry thought leaders for Integrated Business Planning (IBP).
Integrated Business Planning allows your senior executives to plan and manage the entire organisation over a 24-month horizon, while Oliver Wight’s extended Supply Chain Planning and Optimization ensures your supply chain is designed and structured to deliver best-in-class customer service with minimal costs. Using the Oliver Wight Maturity Model to pursue our globally recognised Class A standard for best practice will determine a tailored improvement journey for you to develop your organisation’s processes, and reach and sustain excellent business performance. With a track record of more than 40 years of helping some of the world’s best-known organisations, Oliver Wight will help you define your company’s vision for the future and deliver performance and financial results that last.