Digital Transformation
Technology: The Last Thing You Need for Successful Digital Transformation
Done right, digital transformation can dramatically improve productivity, performance and the competitive advantage and the bottom line.
With the pace of technology change, companies cannot afford to treat digital transformation as a one-time event. Instead, companies need to establish processes that support rapid change including the adoption of new technologies for ongoing digital transformation.
Do your concerns about technology implementation include:
- Lack of employee buy-in?
- Extended implementation time?
- Running over budget?
- Failure to meet objectives?
- Loss of executive and employee support when objectives are not achieved on time?
Pitfalls to Avoid:
- Incompatibility of new technology with actual processes
- Re-work of technology implementation (extended pilots, delays in roll-out)
- Acceptance of undesired performance to avoid technology and implementation re-work
- Creation of costly known and unknown work-arounds by management and staff
Example People, Process, Culture, Technology Implementation
Specialty Chemicals: PE portfolio company, driven to 50% on-time delivery by a failed acquisition integration.
- Discouraged people
- Broken Processes
- Obsolete Technology
- Windows+Apple technology stack
- New ERP, selected & configured by another division
- All inventory in location A1A in ERP
4aBetterBusiness developed immediate, enthusiastic buy-in to change. Collaborative process re-building achieved 87% on-time delivery.
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With processes captured, assessed and streamlined, carried out major expansion of ERP system, completed 6 months sooner than the vendor thought possible. On completion, the plant-wide cutover to the new system was completed within 4 hours.
Achieved 96%+ on-time, in-full delivery while reducing inventory by 22%. Developed new and accelerated processes for new product development. Company was then sold for above-market valuation.
4aBetterBusiness Services for Digital Transformation
- Initial Assessment of People, Processes & Technology
- Develop Enthusiastic Buy-in and Contribution to Change
- Develop Deep, End-to-End Process Understanding (Visual Twin)
- Analyze Data Needs and Develop Metrics
- Prepare a Transformation Roadmap
- Vendor Identification and Selection, including RFPs
- Implementation, Testing, Training and Rollout
4aBetterBusiness tailors services to individual company needs, up to and including full program management.