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The objective of a TOC Feasibility Study is to define the desired end-state, process improvements, total cost, and likely return on investment. It delivers:
The Feasibility Study follows the following process:
- A detailed description of the magnitude of cash flow / profitability improvements to be generated within a fixed time-frame
- Specifications for any technology and communication tools required
- Role descriptions and expectation setting for the implementation team
- A detailed implementation plan for the TOC Implementation Project
- Total cost including consulting fees, out-of-pocket expenses and additional capital expenses (if any) that you are likely to incur
- A methodology for measuring the results of the project
- A return on investment projection, highlighting expected returns at process milestones
The Feasibility Study follows the following process:
- Fact Finding - the organization completes a preliminary questionnaire followed by a series of one-on-one meetings with the top leaders and senior managers to understand the financials, major pain points and operational realities (approximately 1 day per site).
- Planning Workshop (1 day) - Build consensus on the need for change and outline the direction of the solution. It also serves to identify and address major risks. Findings will be prepared based on the output from this and previous meetings.
- Presentation of Findings (2-4 hours) we share a detailed implementation road map for your TOC Implementation Project and discuss it with the key decision makers.