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Building Blocks of Success
Mission:
To provide V a l u e - a d d e d B u s i n e s s
C o n s u l t i n g to Organizations at the
T r a n s f o r m a t i o n S t a g e , enabling
them to deliver their E n d e a v o r s with
E f f i c a c y
Corporate	
  Office:	
  Block	
  6,	
  Unit	
  15	
  Ashok	
  Nagar	
  New	
  Delhi	
  -­‐110018	
  
Call	
  us	
  -­‐	
  +919769211499	
  |	
  	
  +919910007171	
  
Email:	
  info@lifeskillsconsultants.com	
  |	
  Web:	
  www.lifeskillsconsultants.com	
  	
  
28/07/15	
   2	
  ©	
  Life	
  Skills	
  Consultants	
  Pvt.	
  Ltd.	
  	
  
• Business	
  
Intent	
  -­‐	
  
WHATs	
  
• Personal	
  
Aspira5ons	
  
Capturing	
  
Aspira5ons	
  
• Align	
  Team	
  
&	
  Priori5ze	
  
Ac5on	
  Plan	
  
• Deploy	
  
Ac5on	
  Plan	
  
Crea5ng	
  a	
  
Strategy	
  
Roadmap	
  
And	
  
Deployment	
  
Strong	
  
Review	
  
Mechanis
ms	
  	
  
Monitoring	
  
and	
  Review	
  
Recap – Steps to Successful Business Transformation
Alignment	
  with	
  the	
  team	
  is	
  
extremely	
  essenYal	
  for	
  success	
  of	
  	
  
deployment	
  of	
  any	
  acYon	
  plan	
  
Business	
  WHATs	
  are	
  converted	
  to	
  
Business	
  HOWS.	
  Second	
  and	
  third	
  
level	
  drilled	
  down	
  clearly	
  defines	
  
specific	
  acYon	
  plans.	
  Refer	
  
Examples	
  in	
  subsequent	
  slides	
  	
  
Step	
  1	
   Step	
  2	
   Step	
  3	
  
28/07/15	
   3	
  ©	
  Life	
  Skills	
  Consultants	
  Pvt.	
  Ltd.	
  	
  
Step 2 – Creating a Strategy Roadmap
And Deployment
STEP	
  2.1	
  
-­‐	
  Intent	
  To	
  Delivery:	
  
CreaYng	
  a	
  Strategy	
  
Roadmap	
  
-­‐	
  IdenYfying	
  the	
  
PrioriYzed	
  AcYon	
  
Plans	
  
-­‐	
  Drill	
  Down	
  Level	
  2	
  
Step	
  2.2	
  
SegregaYng	
  the	
  
acYon	
  plans	
  into	
  
-­‐	
  Process	
  and	
  Systems	
  
requirements,	
  
implementaYon	
  or	
  
correcYon	
  
-­‐	
  People	
  related	
  –
capability,	
  
competency,	
  
monitoring,	
  or	
  review	
  
-­‐	
  Finance	
  (Where	
  
substanYal	
  money	
  is	
  
required)	
  
Step	
  2.3	
  
Timelines	
  and	
  
Measures	
  of	
  Success	
  
28/07/15	
   4	
  ©	
  Life	
  Skills	
  Consultants	
  Pvt.	
  Ltd.	
  	
  
Business Intent (WHATs) to Actions (HOWs)
Business	
  Intent	
  
Providing	
  Excellent	
  value	
  and	
  
service	
  
Deligh5ng	
  Customers	
  
Delivering	
  profitability	
  
Business	
  HOWs	
  –	
  LEVEL	
  1	
  
Engaged	
  and	
  efficient	
  channel	
  partners	
  
EffecYve	
  Supply	
  chain	
  management	
  
Product,	
  Pricing,	
  innovaYon	
  
Customer	
  driven	
  Product	
  Planning	
  
Resource	
  planning	
  and	
  capability	
  building	
  
Infrastructure	
  and	
  systems	
  support	
  
ConYnuous	
  need	
  assessment	
  of	
  customer	
  to	
  align	
  
product	
  and	
  systems	
  	
  
EffecYve,	
  Ymely	
  communicaYon	
  and	
  resoluYon	
  
Best	
  product	
  mix	
  
OpYmum	
  uYlizaYon	
  of	
  funds	
  
EffecYve	
  Cost	
  Controls	
  
Aligned	
  OrganizaYonal	
  Structure	
  
EXAMPLE	
  1	
  :	
  	
  
Intent	
  To	
  Delivery	
  (ITD)	
  for	
  
a	
  TexYle	
  Company	
  
Level	
  1	
  HOWs	
  to	
  achieve	
  
Business	
  Intent	
  
28/07/15	
   5	
  ©	
  Life	
  Skills	
  Consultants	
  Pvt.	
  Ltd.	
  	
  
Prioritizing the Business HOWs – First Level
Strategy	
  Matrix	
  
Importance	
  	
  
Engaged	
  and	
  efficient	
  channel	
  partners	
  
EffecYve	
  Supply	
  chain	
  management	
  
Product,	
  Pricing,	
  innovaYon	
  
Customer	
  driven	
  Product	
  Planning	
  
Resource	
  planning	
  and	
  capability	
  building	
  
Infrastructure	
  and	
  systems	
  support	
  
ConYnuous	
  need	
  assessment	
  of	
  
customer	
  to	
  align	
  product	
  and	
  systems	
  	
  
EffecYve,	
  Ymely	
  communicaYon	
  and	
  
resoluYon	
  
Best	
  product	
  Mix	
  
OpYmum	
  uYlizaYon	
  of	
  funds	
  
EffecYve	
  Cost	
  controls	
  
OrganizaYonal	
  aligned	
  Structure	
  
Total	
  
Providing	
  Excellent	
  value	
  and	
  
service	
  
9	
   h	
   h	
   m	
   h	
   h	
   h	
   h	
   h	
   m	
   m	
   m	
   m	
   702	
  
Deligh5ng	
  Customers	
   9	
   h	
   h	
   h	
   h	
   m	
   m	
   h	
   h	
   m	
   m	
   l	
   m	
   630	
  
Delivering	
  profitability	
   9	
   h	
   h	
   h	
   m	
   h	
   h	
   m	
   l	
   h	
   h	
   h	
   m	
   738	
  
Total	
   	
  	
   243	
   243	
  189	
  189	
   189	
   189	
   189	
   171	
   135	
   135	
  117	
  81	
   	
  	
  
Note:	
  Life	
  Skills	
  facilitates	
  the	
  strategy	
  roadmap	
  sessions	
  with	
  aspiring	
  organizaYons	
  
PrioriYzed	
  Business	
  HOWs	
  aher	
  
correlaYng	
  them	
  with	
  Business	
  Intent	
  
Business	
  Intent	
  	
  
28/07/15	
   6	
  ©	
  Life	
  Skills	
  Consultants	
  Pvt.	
  Ltd.	
  	
  
Second Level Drill Down of Prioritized HOWs
Second	
  Level	
  Drill	
  Down	
  
Engaged	
  and	
  efficient	
  channel	
  partners	
  
EffecYve	
  Supply	
  Chain	
  Management	
  
Product,	
  Pricing,	
  InnovaYon	
  
Customer	
  Driven	
  Product	
  Planning	
  	
  
Resource	
  Planning	
  and	
  Capability	
  Building	
  	
  
Infrastructure	
  and	
  Systems	
  Support	
  
ConYnuous	
  Need	
  Assessment	
  of	
  Customer	
  
to	
  align	
  product	
  and	
  systems	
  	
  
EffecYve,	
  Ymely	
  communicaYon	
  and	
  
resoluYon	
  	
  
Second	
  Level	
  Priori5zed	
  Ac5on	
  Plan	
  
Channel	
  Produc5vity	
  focus	
  
Exploring	
  new	
  and	
  alternate	
  channels	
  to	
  reach	
  out	
  to	
  target	
  segment	
  
Product	
  wise,	
  partner	
  wise	
  contribu5on	
  monitoring	
  to	
  reduce	
  varia5on	
  in	
  Target	
  Vs.	
  
Achievement	
  
Compe55on	
  benchmarking	
  on	
  product,	
  pricing,	
  promo5ons,	
  ac5vi5es	
  
Trend	
  analysis	
  to	
  enhance	
  accuracy	
  of	
  demand	
  es5mates	
  
Inter-­‐linked	
  produc5on	
  planning	
  ensuring	
  on-­‐5me	
  delivery	
  resul5ng	
  in	
  good	
  word	
  of	
  
mouth	
  of	
  channel	
  
IT	
  infra	
  deployment	
  to	
  monitor	
  product	
  at	
  every	
  stage	
  of	
  supply	
  chain	
  integrated	
  
with	
  communica5on	
  to	
  Channel	
  
Product	
  composi5on	
  to	
  increase	
  Net	
  Realized	
  Value	
  
Strong	
  Management	
  repor5ng,	
  analysis	
  and	
  review	
  mechanism	
  
New	
  product	
  launch	
  in	
  accordance	
  with	
  changing	
  customer	
  preferences	
  
Channel	
  involvement	
  and	
  Feedback	
  for	
  enhancing	
  value	
  preposi5ons	
  
Accurate	
  Procurement	
  of	
  orders	
  against	
  forecas5ng	
  
Assessment	
  of	
  requirement	
  Vs.	
  organiza5on	
  structure	
  
Performance	
  Driven	
  Organiza5onal	
  Culture	
  
Strategy	
  linked	
  Key	
  Result	
  Areas	
  
Effec5ve	
  Warehouse	
  Management,	
  implementa5on	
  of	
  5S	
  and	
  Lean	
  principles	
  
Automa5on	
  to	
  reduce	
  Non	
  Value	
  add	
  ac5vi5es	
  focusing	
  building	
  opera5onal	
  
efficiencies	
  and	
  scalability	
  
Warehouse	
  Layout	
  -­‐	
  Time	
  	
  Mo5on	
  study	
  
Automa5on	
  in	
  Warehouse	
  
Vendor	
  Management	
  -­‐	
  Finance	
  
Return,	
  Defect	
  	
  Credit	
  analysis	
  
Note:	
  This	
  is	
  not	
  a	
  comprehensive	
  list	
  but	
  only	
  the	
  top	
  prioriYzed	
  second	
  level	
  drilled	
  down	
  acYon	
  plans.	
  Measures	
  derived	
  
around	
  these	
  acYon	
  plans	
  will	
  ensure	
  achievement	
  of	
  Business	
  Intent	
  
Segregate	
  the	
  Level	
  2	
  HOWs	
  	
  
28/07/15	
   7	
  ©	
  Life	
  Skills	
  Consultants	
  Pvt.	
  Ltd.	
  	
  
Segregation of Action Plans
Second	
  Level	
  Priori5zed	
  Ac5on	
  Plan	
  
Segrega5on	
  
Systems	
  
and	
  
process	
  
Finance	
   People	
  
Channel	
  Produc5vity	
  focus	
   b! b!
Exploring	
  new	
  and	
  alternate	
  channels	
  to	
  reach	
  out	
  to	
  target	
  segment	
   b!
Product	
  wise,	
  partner	
  wise	
  contribu5on	
  monitoring	
  to	
  reduce	
  varia5on	
  in	
  Target	
  Vs.	
  Achievement	
  
b!
Compe55on	
  benchmarking	
  on	
  product,	
  pricing,	
  promo5ons,	
  ac5vi5es	
   b!
Trend	
  analysis	
  to	
  enhance	
  accuracy	
  of	
  demand	
  es5mates	
   b!
Inter-­‐linked	
  produc5on	
  planning	
  ensuring	
  on-­‐5me	
  delivery	
  resul5ng	
  in	
  good	
  word	
  of	
  mouth	
  of	
  channel	
   b!
IT	
  infra	
  deployment	
  to	
  monitor	
  product	
  at	
  every	
  stage	
  of	
  supply	
  chain	
  integrated	
  with	
  communica5on	
  
to	
  Channel	
  
b!
Product	
  composi5on	
  to	
  increase	
  Net	
  Realized	
  Value	
   b!
Strong	
  Management	
  repor5ng,	
  analysis	
  and	
  review	
  mechanism	
   b! b!
New	
  product	
  launch	
  in	
  accordance	
  with	
  changing	
  customer	
  preferences	
   b!
Channel	
  involvement	
  and	
  Feedback	
  for	
  enhancing	
  value	
  preposi5ons	
   b! b!
Accurate	
  Procurement	
  of	
  orders	
  against	
  forecas5ng	
   b!
Assessment	
  of	
  requirement	
  Vs.	
  organiza5on	
  structure	
   b!
Performance	
  Driven	
  Organiza5onal	
  Culture	
   b!
Strategy	
  linked	
  Key	
  Result	
  Areas	
   b! b!
Effec5ve	
  Warehouse	
  Management,	
  implementa5on	
  of	
  5S	
  and	
  Lean	
  principles	
   b! b!
Automa5on	
  to	
  reduce	
  Non	
  Value	
  add	
  ac5vi5es	
  focusing	
  building	
  opera5onal	
  efficiencies	
  and	
  scalability	
   b! b!
Warehouse	
  Layout	
  -­‐	
  Time	
  	
  Mo5on	
  study	
   b!
Automa5on	
  in	
  Warehouse	
   b! b!
Vendor	
  Management	
  -­‐	
  Finance	
   b!
Return,	
  Defect	
  	
  Credit	
  analysis	
   b!
28/07/15	
   8	
  ©	
  Life	
  Skills	
  Consultants	
  Pvt.	
  Ltd.	
  	
  
Identifying Areas and Allocating Action Plans
Channel	
  Related	
  
• ProducYvity	
  
• Channel	
  Efficiency	
  
• Channel	
  Wise	
  
ContribuYon	
  to	
  
sales	
  and	
  
profitability	
  
• Channel	
  
Expansion	
  –	
  Retail	
  
penetraYon	
  
• Channel	
  
Engagement	
  	
  
Product	
  Related	
  
• Product	
  
innovaYon	
  to	
  
facilitate	
  demand	
  
forecasYng,	
  
producYon	
  
efficiencies	
  and	
  
Ymely	
  delivery	
  
(Go	
  to	
  market)	
  
• Product	
  wise	
  
planning	
  –	
  
designing	
  
efficiencies	
  Yll	
  
profitability	
  
contribuYon	
  
(realized	
  rates)	
  
Systems	
  People	
  related	
  	
  
• Order	
  to	
  Cash	
  
process	
  
automaYon	
  
• Inventory	
  
automaYon	
  	
  
• MIS	
  reports	
  of	
  all	
  
criYcal	
  process	
  
steps	
  to	
  iniYate	
  
improvements	
  
• Management	
  
Dashboards	
  
• Annual	
  OperaYng	
  
Plan	
  based	
  on	
  
various	
  input	
  
reports	
  
• On	
  field	
  acYvity	
  
tracking	
  –	
  retail	
  
expansion	
  
Inventory	
  and	
  Warehouse	
  
• Visibility	
  of	
  
product	
  wise	
  SKU	
  
wise	
  and	
  ageing	
  
segregaYon	
  of	
  
inventory.	
  Analysis	
  
and	
  acYon	
  
planning	
  
• Linking	
  producYon	
  
with	
  Sales	
  through	
  
order	
  to	
  cash	
  
process	
  
opYmizaYon	
  
• Never	
  out	
  of	
  stock	
  
concept	
  for	
  on	
  
Yme	
  delivery	
  of	
  
products	
  
• Lean	
  and	
  5S	
  
implementaYon	
  in	
  
Inventory	
  
• Strong	
  MIS	
  and	
  IT	
  
support	
  for	
  
accuracy	
  of	
  data	
  
1	
   2	
   3	
   4	
  
28/07/15	
   9	
  ©	
  Life	
  Skills	
  Consultants	
  Pvt.	
  Ltd.	
  	
  
Action Plans – Allocated and Deployed
ü  Introduced	
  Channel	
  and	
  sales	
  scheme	
  to	
  bring	
  
something	
  new	
  into	
  the	
  system	
  but	
  primarily	
  
push	
  STANDARDISATION	
  of	
  Sales	
  Norms	
  
(commissions,	
  discounts	
  etc.)	
  
ü  Sourcing	
  of	
  PV	
  and	
  shir5ng	
  to	
  tap	
  into	
  new	
  retail	
  
outlets	
  and	
  then	
  place	
  PW	
  
ü  This	
  year	
  introduc5on	
  of	
  MOBILE	
  APPLICATION	
  
for	
  SALES	
  Team	
  to	
  track	
  Sales	
  visit	
  and	
  online	
  
Order	
  booking.	
  
ü  Channel	
  Expansion	
  across	
  India.	
  Going	
  into	
  direct	
  
retail.	
  Tapping	
  new	
  retail	
  outlets	
  through	
  PV/
Shir5ng	
  and	
  gradual	
  introduc5on	
  of	
  PW	
  
ü  Channel	
  Engagement	
  to	
  get	
  regular	
  feedback	
  
about	
  designs	
  
ü  Retail	
  expansion	
  and	
  tapping	
  into	
  newer	
  
geographies	
  brought	
  in	
  several	
  insights	
  into	
  
customer	
  trend	
  and	
  requirements.	
  Image	
  of	
  
discounted	
  brand	
  changed	
  to	
  emerging	
  strong	
  
brand	
  providing	
  quality	
  product	
  	
  
	
  
Channel	
  Related	
  
ü  ERP	
  built	
  in	
  to	
  bring	
  in	
  transparency	
  at	
  all	
  levels	
  
from	
  produc5on	
  5ll	
  dispatch.	
  Concept	
  of	
  order	
  to	
  
cash	
  brought	
  systems	
  changes	
  from	
  designing	
  5ll	
  
collec5ons	
  
ü  Process	
  created	
  using	
  LEAN	
  thinking	
  and	
  systems	
  
approach.	
  End	
  to	
  end	
  processes	
  iden5fied	
  and	
  
executed	
  through	
  system.	
  Customiza5on	
  
requirements	
  given	
  and	
  followed	
  through	
  5ll	
  
implementa5on	
  	
  
ü  ERP	
  strengthened	
  for	
  all	
  processes.	
  Strengthening	
  
is	
  s5ll	
  in	
  progress	
  	
  
ü  Sampling	
  5ll	
  designing,	
  Order	
  to	
  cash,	
  Financial	
  
planning	
  budge5ng	
  and	
  analysis	
  processes	
  closed	
  
and	
  rolled	
  out	
  with	
  all	
  system	
  changes	
  
ü  PLI	
  introduced	
  gradually	
  
ü  With	
  systems	
  performing	
  well	
  KRAs	
  have	
  been	
  
introduced	
  with	
  quarterly	
  review	
  and	
  PLI	
  impact	
  
crea5ng	
  a	
  performance	
  driven	
  culture	
  	
  
ü  Expansion	
  focus	
  brought	
  in.	
  Organiza5on	
  
structure	
  changed.	
  Concept	
  of	
  Head	
  order	
  to	
  cash	
  
brought	
  in.	
  	
  
ü  Organiza5on	
  structure	
  changed	
  within	
  Finance	
  
and	
  at	
  Produc5on	
  
	
  
Systems	
  –People	
  Related	
  
28/07/15	
   10	
  ©	
  Life	
  Skills	
  Consultants	
  Pvt.	
  Ltd.	
  	
  
Action Plans – Allocated and Deployed Contd.
ü Price	
  Correc5on.	
  Introduc5on	
  of	
  
new	
  merchants	
  in	
  available	
  
space	
  “900-­‐1500/-­‐)	
  bracket.	
  
Compe5tor	
  Analysis	
  
ü Product	
  innova5on.	
  Moving	
  into	
  
concept	
  of	
  Never	
  out	
  of	
  stock	
  to	
  
ensure	
  efficiencies	
  in	
  produc5on	
  
and	
  stock	
  liquidity	
  (round	
  the	
  
year	
  sales)	
  	
  
ü New	
  Merchandize,	
  IN	
  shop	
  
branding	
  ini5a5ves	
  to	
  engage	
  
channel	
  	
  
ü New	
  range,	
  new	
  designs	
  and	
  
filling	
  the	
  gaps	
  in	
  price	
  range	
  
provided	
  the	
  much	
  needed	
  entry	
  	
  
Product	
  Related	
  
ü Lean	
  deployment	
  in	
  Warehouse.	
  
Bins	
  created.	
  System	
  modified	
  to	
  
cater	
  to	
  iden5fica5on	
  of	
  stock	
  
and	
  area	
  where	
  stock	
  is	
  lying	
  
ü Non	
  value	
  added	
  ac5vi5es	
  
(manual	
  driven)	
  automated.	
  
Mistake	
  proofing	
  done	
  to	
  drive	
  
efficiencies	
  
ü Inventory	
  management	
  put	
  in	
  
place.	
  Stock	
  reports	
  varia5on	
  
nullified.	
  	
  
ü Dispatches	
  today	
  touching	
  70%	
  
of	
  order.	
  Industry	
  benchmark	
  is	
  
80%	
  	
  
ü Inventory	
  levels	
  reduced	
  
discoun5ng	
  and	
  liquida5on	
  thus	
  
impac5ng	
  realized	
  rate	
  
	
  
Inventory	
  and	
  Warehouse	
  
28/07/15	
   11	
  ©	
  Life	
  Skills	
  Consultants	
  Pvt.	
  Ltd.	
  	
  
Move to 3rd Step
• Business	
  
Intent	
  -­‐	
  
WHATs	
  
• Personal	
  
Aspira5ons	
  
Capturing	
  
Aspira5ons	
  
• Align	
  Team	
  
	
  Priori5ze	
  
Ac5on	
  Plan	
  
• Deploy	
  
Ac5on	
  Plan	
  
Crea5ng	
  a	
  
Strategy	
  
Roadmap	
  
And	
  
Deployment	
  
Strong	
  
Review	
  
Mechanisms	
  	
  
Monitoring	
  
and	
  Review	
  
Alignment	
  with	
  the	
  team	
  is	
  
extremely	
  essenYal	
  for	
  success	
  of	
  	
  
deployment	
  of	
  any	
  acYon	
  plan	
  
Business	
  WHATs	
  are	
  converted	
  to	
  
Business	
  HOWS.	
  Second	
  and	
  third	
  
level	
  drilled	
  down	
  clearly	
  defines	
  
specific	
  acYon	
  plans.	
  Refer	
  
Examples	
  in	
  subsequent	
  slides	
  	
  
Step	
  1	
   Step	
  2	
   Step	
  3	
  
28/07/15	
   12	
  ©	
  Life	
  Skills	
  Consultants	
  Pvt.	
  Ltd.	
  	
  
Starting Point for You !!
•  Define	
  your	
  business	
  intent	
  
•  Create	
  a	
  strong	
  strategy	
  roadmap	
  for	
  the	
  next	
  financial	
  year	
  
•  Align	
  the	
  organizaYon	
  towards	
  the	
  strategy	
  roadmap	
  and	
  acYon	
  plans	
  
•  Make	
  organizaYon	
  ready	
  for	
  scalability	
  for	
  next	
  financial	
  year	
  
•  Ensure	
  achievement	
  of	
  business	
  intent	
  	
  
“Intent	
  to	
  Delivery”	
  model	
  can	
  also	
  be	
  used	
  to	
  derive	
  a	
  FUNCTIONAL	
  INTENT	
  
into	
  AcYon	
  Plan	
  	
  
Life	
  Skills	
  conducts	
  the	
  “Intent	
  to	
  Delivery”	
  session	
  to	
  translate	
  business	
  
aspiraYons	
  into	
  acYonable	
  business	
  plan	
  for	
  organizaYons	
  aspiring	
  to	
  grow.	
  
To	
  discuss	
  how	
  our	
  team	
  can	
  help	
  your	
  business	
  
contact	
  us	
  at:	
  
	
  
	
  
	
  
Email:	
  info@lifeskillsconsultants.com	
  	
  
Web:	
  www.lifeskillsconsultants.com	
  	
  
	
  

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Aspiring Entrepreneurs Transform your Business in 2 Steps - STEP 2 Creating a Strategy Roadmap and Deployment

  • 1. Building Blocks of Success Mission: To provide V a l u e - a d d e d B u s i n e s s C o n s u l t i n g to Organizations at the T r a n s f o r m a t i o n S t a g e , enabling them to deliver their E n d e a v o r s with E f f i c a c y Corporate  Office:  Block  6,  Unit  15  Ashok  Nagar  New  Delhi  -­‐110018   Call  us  -­‐  +919769211499  |    +919910007171   Email:  info@lifeskillsconsultants.com  |  Web:  www.lifeskillsconsultants.com    
  • 2. 28/07/15   2  ©  Life  Skills  Consultants  Pvt.  Ltd.     • Business   Intent  -­‐   WHATs   • Personal   Aspira5ons   Capturing   Aspira5ons   • Align  Team   &  Priori5ze   Ac5on  Plan   • Deploy   Ac5on  Plan   Crea5ng  a   Strategy   Roadmap   And   Deployment   Strong   Review   Mechanis ms     Monitoring   and  Review   Recap – Steps to Successful Business Transformation Alignment  with  the  team  is   extremely  essenYal  for  success  of     deployment  of  any  acYon  plan   Business  WHATs  are  converted  to   Business  HOWS.  Second  and  third   level  drilled  down  clearly  defines   specific  acYon  plans.  Refer   Examples  in  subsequent  slides     Step  1   Step  2   Step  3  
  • 3. 28/07/15   3  ©  Life  Skills  Consultants  Pvt.  Ltd.     Step 2 – Creating a Strategy Roadmap And Deployment STEP  2.1   -­‐  Intent  To  Delivery:   CreaYng  a  Strategy   Roadmap   -­‐  IdenYfying  the   PrioriYzed  AcYon   Plans   -­‐  Drill  Down  Level  2   Step  2.2   SegregaYng  the   acYon  plans  into   -­‐  Process  and  Systems   requirements,   implementaYon  or   correcYon   -­‐  People  related  – capability,   competency,   monitoring,  or  review   -­‐  Finance  (Where   substanYal  money  is   required)   Step  2.3   Timelines  and   Measures  of  Success  
  • 4. 28/07/15   4  ©  Life  Skills  Consultants  Pvt.  Ltd.     Business Intent (WHATs) to Actions (HOWs) Business  Intent   Providing  Excellent  value  and   service   Deligh5ng  Customers   Delivering  profitability   Business  HOWs  –  LEVEL  1   Engaged  and  efficient  channel  partners   EffecYve  Supply  chain  management   Product,  Pricing,  innovaYon   Customer  driven  Product  Planning   Resource  planning  and  capability  building   Infrastructure  and  systems  support   ConYnuous  need  assessment  of  customer  to  align   product  and  systems     EffecYve,  Ymely  communicaYon  and  resoluYon   Best  product  mix   OpYmum  uYlizaYon  of  funds   EffecYve  Cost  Controls   Aligned  OrganizaYonal  Structure   EXAMPLE  1  :     Intent  To  Delivery  (ITD)  for   a  TexYle  Company   Level  1  HOWs  to  achieve   Business  Intent  
  • 5. 28/07/15   5  ©  Life  Skills  Consultants  Pvt.  Ltd.     Prioritizing the Business HOWs – First Level Strategy  Matrix   Importance     Engaged  and  efficient  channel  partners   EffecYve  Supply  chain  management   Product,  Pricing,  innovaYon   Customer  driven  Product  Planning   Resource  planning  and  capability  building   Infrastructure  and  systems  support   ConYnuous  need  assessment  of   customer  to  align  product  and  systems     EffecYve,  Ymely  communicaYon  and   resoluYon   Best  product  Mix   OpYmum  uYlizaYon  of  funds   EffecYve  Cost  controls   OrganizaYonal  aligned  Structure   Total   Providing  Excellent  value  and   service   9   h   h   m   h   h   h   h   h   m   m   m   m   702   Deligh5ng  Customers   9   h   h   h   h   m   m   h   h   m   m   l   m   630   Delivering  profitability   9   h   h   h   m   h   h   m   l   h   h   h   m   738   Total       243   243  189  189   189   189   189   171   135   135  117  81       Note:  Life  Skills  facilitates  the  strategy  roadmap  sessions  with  aspiring  organizaYons   PrioriYzed  Business  HOWs  aher   correlaYng  them  with  Business  Intent   Business  Intent    
  • 6. 28/07/15   6  ©  Life  Skills  Consultants  Pvt.  Ltd.     Second Level Drill Down of Prioritized HOWs Second  Level  Drill  Down   Engaged  and  efficient  channel  partners   EffecYve  Supply  Chain  Management   Product,  Pricing,  InnovaYon   Customer  Driven  Product  Planning     Resource  Planning  and  Capability  Building     Infrastructure  and  Systems  Support   ConYnuous  Need  Assessment  of  Customer   to  align  product  and  systems     EffecYve,  Ymely  communicaYon  and   resoluYon     Second  Level  Priori5zed  Ac5on  Plan   Channel  Produc5vity  focus   Exploring  new  and  alternate  channels  to  reach  out  to  target  segment   Product  wise,  partner  wise  contribu5on  monitoring  to  reduce  varia5on  in  Target  Vs.   Achievement   Compe55on  benchmarking  on  product,  pricing,  promo5ons,  ac5vi5es   Trend  analysis  to  enhance  accuracy  of  demand  es5mates   Inter-­‐linked  produc5on  planning  ensuring  on-­‐5me  delivery  resul5ng  in  good  word  of   mouth  of  channel   IT  infra  deployment  to  monitor  product  at  every  stage  of  supply  chain  integrated   with  communica5on  to  Channel   Product  composi5on  to  increase  Net  Realized  Value   Strong  Management  repor5ng,  analysis  and  review  mechanism   New  product  launch  in  accordance  with  changing  customer  preferences   Channel  involvement  and  Feedback  for  enhancing  value  preposi5ons   Accurate  Procurement  of  orders  against  forecas5ng   Assessment  of  requirement  Vs.  organiza5on  structure   Performance  Driven  Organiza5onal  Culture   Strategy  linked  Key  Result  Areas   Effec5ve  Warehouse  Management,  implementa5on  of  5S  and  Lean  principles   Automa5on  to  reduce  Non  Value  add  ac5vi5es  focusing  building  opera5onal   efficiencies  and  scalability   Warehouse  Layout  -­‐  Time    Mo5on  study   Automa5on  in  Warehouse   Vendor  Management  -­‐  Finance   Return,  Defect    Credit  analysis   Note:  This  is  not  a  comprehensive  list  but  only  the  top  prioriYzed  second  level  drilled  down  acYon  plans.  Measures  derived   around  these  acYon  plans  will  ensure  achievement  of  Business  Intent   Segregate  the  Level  2  HOWs    
  • 7. 28/07/15   7  ©  Life  Skills  Consultants  Pvt.  Ltd.     Segregation of Action Plans Second  Level  Priori5zed  Ac5on  Plan   Segrega5on   Systems   and   process   Finance   People   Channel  Produc5vity  focus   b! b! Exploring  new  and  alternate  channels  to  reach  out  to  target  segment   b! Product  wise,  partner  wise  contribu5on  monitoring  to  reduce  varia5on  in  Target  Vs.  Achievement   b! Compe55on  benchmarking  on  product,  pricing,  promo5ons,  ac5vi5es   b! Trend  analysis  to  enhance  accuracy  of  demand  es5mates   b! Inter-­‐linked  produc5on  planning  ensuring  on-­‐5me  delivery  resul5ng  in  good  word  of  mouth  of  channel   b! IT  infra  deployment  to  monitor  product  at  every  stage  of  supply  chain  integrated  with  communica5on   to  Channel   b! Product  composi5on  to  increase  Net  Realized  Value   b! Strong  Management  repor5ng,  analysis  and  review  mechanism   b! b! New  product  launch  in  accordance  with  changing  customer  preferences   b! Channel  involvement  and  Feedback  for  enhancing  value  preposi5ons   b! b! Accurate  Procurement  of  orders  against  forecas5ng   b! Assessment  of  requirement  Vs.  organiza5on  structure   b! Performance  Driven  Organiza5onal  Culture   b! Strategy  linked  Key  Result  Areas   b! b! Effec5ve  Warehouse  Management,  implementa5on  of  5S  and  Lean  principles   b! b! Automa5on  to  reduce  Non  Value  add  ac5vi5es  focusing  building  opera5onal  efficiencies  and  scalability   b! b! Warehouse  Layout  -­‐  Time    Mo5on  study   b! Automa5on  in  Warehouse   b! b! Vendor  Management  -­‐  Finance   b! Return,  Defect    Credit  analysis   b!
  • 8. 28/07/15   8  ©  Life  Skills  Consultants  Pvt.  Ltd.     Identifying Areas and Allocating Action Plans Channel  Related   • ProducYvity   • Channel  Efficiency   • Channel  Wise   ContribuYon  to   sales  and   profitability   • Channel   Expansion  –  Retail   penetraYon   • Channel   Engagement     Product  Related   • Product   innovaYon  to   facilitate  demand   forecasYng,   producYon   efficiencies  and   Ymely  delivery   (Go  to  market)   • Product  wise   planning  –   designing   efficiencies  Yll   profitability   contribuYon   (realized  rates)   Systems  People  related     • Order  to  Cash   process   automaYon   • Inventory   automaYon     • MIS  reports  of  all   criYcal  process   steps  to  iniYate   improvements   • Management   Dashboards   • Annual  OperaYng   Plan  based  on   various  input   reports   • On  field  acYvity   tracking  –  retail   expansion   Inventory  and  Warehouse   • Visibility  of   product  wise  SKU   wise  and  ageing   segregaYon  of   inventory.  Analysis   and  acYon   planning   • Linking  producYon   with  Sales  through   order  to  cash   process   opYmizaYon   • Never  out  of  stock   concept  for  on   Yme  delivery  of   products   • Lean  and  5S   implementaYon  in   Inventory   • Strong  MIS  and  IT   support  for   accuracy  of  data   1   2   3   4  
  • 9. 28/07/15   9  ©  Life  Skills  Consultants  Pvt.  Ltd.     Action Plans – Allocated and Deployed ü  Introduced  Channel  and  sales  scheme  to  bring   something  new  into  the  system  but  primarily   push  STANDARDISATION  of  Sales  Norms   (commissions,  discounts  etc.)   ü  Sourcing  of  PV  and  shir5ng  to  tap  into  new  retail   outlets  and  then  place  PW   ü  This  year  introduc5on  of  MOBILE  APPLICATION   for  SALES  Team  to  track  Sales  visit  and  online   Order  booking.   ü  Channel  Expansion  across  India.  Going  into  direct   retail.  Tapping  new  retail  outlets  through  PV/ Shir5ng  and  gradual  introduc5on  of  PW   ü  Channel  Engagement  to  get  regular  feedback   about  designs   ü  Retail  expansion  and  tapping  into  newer   geographies  brought  in  several  insights  into   customer  trend  and  requirements.  Image  of   discounted  brand  changed  to  emerging  strong   brand  providing  quality  product       Channel  Related   ü  ERP  built  in  to  bring  in  transparency  at  all  levels   from  produc5on  5ll  dispatch.  Concept  of  order  to   cash  brought  systems  changes  from  designing  5ll   collec5ons   ü  Process  created  using  LEAN  thinking  and  systems   approach.  End  to  end  processes  iden5fied  and   executed  through  system.  Customiza5on   requirements  given  and  followed  through  5ll   implementa5on     ü  ERP  strengthened  for  all  processes.  Strengthening   is  s5ll  in  progress     ü  Sampling  5ll  designing,  Order  to  cash,  Financial   planning  budge5ng  and  analysis  processes  closed   and  rolled  out  with  all  system  changes   ü  PLI  introduced  gradually   ü  With  systems  performing  well  KRAs  have  been   introduced  with  quarterly  review  and  PLI  impact   crea5ng  a  performance  driven  culture     ü  Expansion  focus  brought  in.  Organiza5on   structure  changed.  Concept  of  Head  order  to  cash   brought  in.     ü  Organiza5on  structure  changed  within  Finance   and  at  Produc5on     Systems  –People  Related  
  • 10. 28/07/15   10  ©  Life  Skills  Consultants  Pvt.  Ltd.     Action Plans – Allocated and Deployed Contd. ü Price  Correc5on.  Introduc5on  of   new  merchants  in  available   space  “900-­‐1500/-­‐)  bracket.   Compe5tor  Analysis   ü Product  innova5on.  Moving  into   concept  of  Never  out  of  stock  to   ensure  efficiencies  in  produc5on   and  stock  liquidity  (round  the   year  sales)     ü New  Merchandize,  IN  shop   branding  ini5a5ves  to  engage   channel     ü New  range,  new  designs  and   filling  the  gaps  in  price  range   provided  the  much  needed  entry     Product  Related   ü Lean  deployment  in  Warehouse.   Bins  created.  System  modified  to   cater  to  iden5fica5on  of  stock   and  area  where  stock  is  lying   ü Non  value  added  ac5vi5es   (manual  driven)  automated.   Mistake  proofing  done  to  drive   efficiencies   ü Inventory  management  put  in   place.  Stock  reports  varia5on   nullified.     ü Dispatches  today  touching  70%   of  order.  Industry  benchmark  is   80%     ü Inventory  levels  reduced   discoun5ng  and  liquida5on  thus   impac5ng  realized  rate     Inventory  and  Warehouse  
  • 11. 28/07/15   11  ©  Life  Skills  Consultants  Pvt.  Ltd.     Move to 3rd Step • Business   Intent  -­‐   WHATs   • Personal   Aspira5ons   Capturing   Aspira5ons   • Align  Team    Priori5ze   Ac5on  Plan   • Deploy   Ac5on  Plan   Crea5ng  a   Strategy   Roadmap   And   Deployment   Strong   Review   Mechanisms     Monitoring   and  Review   Alignment  with  the  team  is   extremely  essenYal  for  success  of     deployment  of  any  acYon  plan   Business  WHATs  are  converted  to   Business  HOWS.  Second  and  third   level  drilled  down  clearly  defines   specific  acYon  plans.  Refer   Examples  in  subsequent  slides     Step  1   Step  2   Step  3  
  • 12. 28/07/15   12  ©  Life  Skills  Consultants  Pvt.  Ltd.     Starting Point for You !! •  Define  your  business  intent   •  Create  a  strong  strategy  roadmap  for  the  next  financial  year   •  Align  the  organizaYon  towards  the  strategy  roadmap  and  acYon  plans   •  Make  organizaYon  ready  for  scalability  for  next  financial  year   •  Ensure  achievement  of  business  intent     “Intent  to  Delivery”  model  can  also  be  used  to  derive  a  FUNCTIONAL  INTENT   into  AcYon  Plan     Life  Skills  conducts  the  “Intent  to  Delivery”  session  to  translate  business   aspiraYons  into  acYonable  business  plan  for  organizaYons  aspiring  to  grow.  
  • 13. To  discuss  how  our  team  can  help  your  business   contact  us  at:         Email:  info@lifeskillsconsultants.com     Web:  www.lifeskillsconsultants.com