Question: I am working to build a strategy plan with specific criteria and I am having trouble grasping where to begin. I would like to see

I am working to build a strategy plan with specific criteria and I am having trouble grasping where to begin. I would like to see an example of how someone does it so I can analyze ways to create my plan. Below is a sample similar to mine, can someone help me understand what goes into creating a strategic plan like this? I will be expected to do it in the future and would like more incite.

Develop a five year Strategic Strategy for a quality driven Manufacuring company with the following criteria:

  1. ERP system is only used as a financial tool to monitor company cost
  2. Management team is divided
  3. Many single point failures in resources
  4. No HR Manager
  5. Company has not met financial revenues in 5 years
  6. No metrics being monitored
  7. Out the door delivery is at 65%
  8. No clear vision or mission of the company
  9. everyone is reactive instead of proactive
  10. Scrap is over 5% revenue
  11. Rework is at 20% revenue
  12. 450 pieces shipped each month of 50 different parts but average of 20 returned parts
  13. most of managers unskilled to their assigned team
  14. no training programs
  15. no employees incentive systems
  16. machines are down often due to no preventative maintenance program
  17. no supplier strategy, No make or buy analysis
  18. spent $10M over last 2 years on new equipment but it is not being utilized
  19. overhead costs are 50% higher than budgeted
  20. no financial controller, assistant controller handling the work load
  21. parts must be made to order, leads times is about 4 months average (lead times should be 4 weeks to 3 months depending on part)
  22. 4 to 20 pieces of each part are made per month
  23. shop layout was made just by putting items where they fit
  24. few competitors due to strict guidelines in Manfacturing process
  25. work is 50% commercial and 50% defense.
  26. average customer base of 7 due to being a niche market, currently have 5 customers
  27. customers sensitive to quality performance and continuous improvement
  28. Company based in CA (higher wages, higher cost of energy, strict EH&S regulations, employee friendly laws)
  29. revenue $60M
  30. inventory turnover 5.0
  31. employee 160
  32. 11 managers
  33. company sells turbine engine components
  34. low-volume, high-mix
  35. supply chain 10% of the processes
  36. material cost is 35% of revenue, production supplies 15%, DL 15%, Overhead 45 %, SG&A 5 %, 5 % depreciation

Define the strategy and what it is based on. How do you translate the strategy into operation success? create an improvement plan to bring back the business to a positive profitability. What are the areas that should be focused on first? Can a long term strategy be adopted to include disruptive technology? How would you plan and execute DT? What are main key metrics needed to drive profitability and growth? What can be a 5 year technology strategy? How long do you believe it would take to turn around the business and why?

Note: assumptions can be used for anything not specified

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