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Business Performance Measurement

The first step in putting together a performance management framework (including dashboards and specialized reports) is to measure and bechmark a firm's current performance against 4 major dimensions. Through specilized benchmarking and research firms, Technology Partnerz also provides you an external view on performance based on what is going on in your market/competitors.

 

The main objectives of Technology Partnerz performance measurement approach is to  :

  • Determine the impact of each performance variable on current performance using sensitivity analysis
  • Define digital dashboards that identifiy potential improvement opportunities to optimize the performance equation
  • Review and analyze current processes and value adding activities and key performance indicators (KPIs)
  • Benchmark your KPIs v/s others in similar industries
  • Develop recommendations to improve the organization performance

 

Why is benchmarking so critical for performance management?

  1. Enables to identify the "critical few" that most impact business performance
  2. Benchmarking is the first step in setting performance/business objectives
  3. Need for meaningful comparaisons with entities outside the firm.
  4. First step in establishing effective asset management strategies.
What is achieved through a Technolog Partnerz performance measurement project?
  • Performance improvement projects and resources are targeted
  • Improved capital gains and dividends thus exceeding shareholders’ expectations
  • Enhanced image and profile by creditors and financial communities resulting from a focus on asset management
  • The adoption of a framework for .
  • Rallying employees and inspiring excellence

 

Performance Measurement Approach

Technology Partnerz benchmarking process

The methodology used and systems’ approach perspective bring to your organization fast and coherent results aligned to your targeted objectives.
  1. Explain the diagnostics and identify needs and requirements
  2. Signing of confidentiality agreement and presentation of the communication plan
  3. Develop the required data list and its format in order to perform the diagnostics
  4. Analyze the data
  5. Interview selected managers as required
  6. Prepare Finale report and explore findings

Where to start measuring and benchmarking performance?

  Product line profitability & Sales
Asset Management Efficiency Cost of Goods Sold (COGS) and Service Costs IS/IT Strategy and Operations
Overview Pricing strategies have a direct effect on profitability.It is the goal of every organization to sell its products at the highest possible price. However, market pressures and competitive actions limit the ability to do so. Effective assets management greatly contributes to the profitability of the organization because it can unlock hidden sources of cash to finance growth.. The Cost Of Goods Sold (COGS) and/or service costs of an organization are a direct determinant of Gross Profit These factors are controlled by the organization and could become more effective thus yielding improved margins. Information systems and technologies are the cornerstone of any business initiative. Compare your levels of investment to other firms.
Objective develop innovative approaches to pricing and product positioning. Find hidden cash in credit and inventory management operations Detailed review of labor cost, overhead and material cost if any. Assess if the organization's information assets and infrastructure are delivering optimal value, capability and service
Focus
  • Cost of Units Sold
  • Product Line performance
  • SKU Turn-Over
  • Margin Analysis
  • Bechmarks against industry and competitors
  • Inventory Processes
  • Receivables Processes
  • Operating Cash Cycle Analysis
  • Return on Equity (ROE)
  • Return on Invested Capital (ROIC)
  • Sourcing processes and performance
  • Supplier Contracts
  • Order quantities
  • Rework and Quality
  • Returns
  • Staffing requirements
  • Projects
  • Investment focus
  • IT Budgets