Decision Type

Overview

Companies can either pre-mediate or randomly make business decisions. Typical business decisions are - what price to charge for product or services or what discounts to give customers. Companies make decisions about personnel, wages, equipment, contractors, suppliers, markets, product development, transportation, warehousing and inventory. These decisions need to be made efficiently and in a coordinated way. They should be aligned with the core business plan. Young and older companies do not typically spend sufficient time developing, implementing and following an organized decision making process. We will help you define, organize and teach your company how to run the entire enterprise in a highly efficient productive process. Further we will help you group decisions into a time-line and into time buckets. Decisions will be supported by data, information and models that will illustrate the risks of various options. In the end the business decision making process could look like a high performance Formula 1 racing car.

Strategic

The highest level decisions span a ten year time frame, annual buckets of time.

Decisions
• Acquire another company or technology
  
• Start a new product line
  
• Large Capital Expenditure
  
• Build a new Production Site
  
• Reallocate production - shutter a site
  
• Open a new market region
  
• Add new type of business
  

Tactical

Mid-term decisions spans next two years, monthly buckets.

Decisions
• Adjust Labor Pool
• Change Product Mix
• Small Capital Expenditures
• Engage Contractors
• Adjust Distribution Network
• Adjust Inventory Target Levels
• Adjust Market Focus
• Optimize Suppliers

Operational

Short term decisions spans a 26-week time frame, hourly or daily buckets.

Decisions
• Schedule production
• Commit orders against inventory
• Determine best logistics
• Schedule labour
• Source fulfilment
• Purchase raw materials and sources
• Replenish inventory

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