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BENEFITS OF DOCUMENT
TOM is a tailored approach to support any business to achieve organizational targets. TOM ensure key components of the business are aligned with the strategy.
Fin-wiser Advisory hereby share a TOM framework which will help businesses best organized to more efficiently and effectively deliver and execute on their organization's strategy.
TOM acts like a Transformation Enabler. In practice it helps in highlighting the gaps between the current processes and the target states and establish dependencies and impact of change.
Wherever Consolidation/M&A is required TOM plays a pivotal role as it brings different businesses or divisions together and assure the alignment of TOM's key components which are people, process and technology.
Cost reduction and Optimization are the core of any TOM. It will help in identifying radical, tactical and strategic cost reduction opportunities. In terms of optimization, model helps to optimize the size, shape and structure of your business.
This framework covers the following:-
1. Business – Business Architecture, Governance and Policies and Cost Controls
2. Support – Information Technology, Vendor and Staff
3. Innovation opportunities
4. Processes – KPI's, Escalation/Issue Management, Customer Experience, Documentation
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Source: Best Practices in Target Operating Model PowerPoint Slides: Target Operating Model (TOM) Framework PowerPoint (PPTX) Presentation, Fin-Wiser Advisory
ABOUT THE AUTHOR: FIN-WISER ADVISORY
Fin-wiser is a specialist advisory boutique focused on providing financial modelling, financial analysis, business transformation and business research services.
Our mission is to deliver high-quality Financial Models, Financial Analysis, Operational Transformation and Data Analytics which are custom made as per the business requirements. [read more] These solutions can integrate elements of business, accounting, finance, economics, operations and corporate psychology to summarize particular events for the end user and provide direction regarding possible actions or alternatives.
Our Vision - Fin-Wiser is committed to become the world's leading Financial and Transformation Advisory Company with the knack of providing excellent Training and Advisory services.
Our values depict our DNA. We imbibe these values and live for them. We are passionate about making a positive impact and deliver customize solutions. We treat our client's businesses as our businesses and act like supporting partners not just outside consultants. Your aspirations are ours. Fin-Wiser works hard to understand your reality and align itself with your objectives so you know we're together in this endeavor.
Fin-wiser Advisory's core services are as follows:-
1) Financial Advisory
2) Operations Advisory
3) Data Analytics
4) Process Mapping and Documentation
Fin-Wiser Advisory has published 64 additional documents on Flevy.
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