Other Services

Timmermans Consulting is also your partner for other services in the area of Finance, administration or business services. We can offer you a.o. :

 

• SWOT analysis of your organisation ⇒ Read more 
• Management of Accounts Receivables ⇒ Read more 
• Investment analysis ⇒ Read more 
• Setup of Management reporting ⇒ Read more 
• Supply chain improvements ⇒ Read more 

 

We are able to support a broad scale of services tailor-made for your organisation. Please contact us and we can discuss your topics and make an offer for your specific situation.

 

 

SWOT Analysis:

A scan of the internal and external environment is an important part of the strategic planning process. Environmental factors internal to the firm usually can be classified as strengths (S) or weaknesses (W), and those external to the firm can be classified as opportunities (O) or threats (T). Such an analysis of the strategic environment is referred to as a SWOT analysis.

The SWOT analysis provides information that is helpful in matching the firm’s resources and capabilities to the competitive environment in which it operates.

As such, it is instrumental in strategy formulation and selection. The following diagram shows how a SWOT analysis fits into an environmental scan:

 

SWOT Analysis Framework

 

Strengths

A firm’s strengths are its resources and capabilities that can be used as a basis for developing a competitive advantage. Examples of such strengths include:

• patents
• well-known employer
• strong brand names
• good reputation among customers
• cost advantages from proprietary know-how
• exclusive access to high grade natural resources
• favourable access to distribution networks

 

Weaknesses

The absence of certain strengths may be viewed as a weakness. For example, each of the following may be considered weaknesses:

• lack of patent protection
• a weak brand name
• poor reputation among customers
• high cost structure
• lack of access to the best natural resources
• lack of access to key distribution channels

In some cases, a weakness may be the flip side of a strength. Take the case in which a firm has a large amount of manufacturing capacity. While this capacity may be considered a strength that competitors do not share, it also may be a considered a weakness if the large investment in manufacturing capacity prevents the firm from reacting quickly to changes in the strategic environment.

 

Opportunities

The external environmental analysis may reveal certain new opportunities for profit and growth. Some examples of such opportunities include:

• an unfulfilled customer need
• arrival of new technologies
• loosening of regulations
• removal of international trade barriers

 

Threats

Changes in the external environmental also may present threats to the firm. Some examples of such threats include:

• shifts in consumer tastes away from the firm’s products
• emergence of substitute products
• new regulations
• increased trade barriers

 

The SWOT Matrix

A firm should not necessarily pursue the more lucrative opportunities. Rather, it may have a better chance at developing a competitive advantage by identifying a fit between the firm’s strengths and upcoming opportunities. In some cases, the firm can overcome a weakness in order to prepare itself to pursue a compelling opportunity.

To develop strategies that take into account the SWOT profile, a matrix of these factors can be constructed. The SWOT matrix (also known as a TOWS Matrix) is shown below:

 

SWOT Matrix

 

S-O strategies pursue opportunities that are a good fit to the company’s strengths.

W-O strategies overcome weaknesses to pursue opportunities.

S-T strategies identify ways that the firm can use its strengths to reduce its vulnerability to external threats.

W-T strategies establish a defensive plan to prevent the firm’s weaknesses from making it highly susceptible to external threats.

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Management of Accounts Receivable

When your organisation is facing a deteriorating account recievable situation, maybe it is time to get some profesional support to help get back on track. Nowadays with more economic risks leading to financial problems with companies going into administration or even bankruptcy, it is vital to have an up-to-date credit collection position with your clients.

Timmermans Consulting can assist your organisation in improving the current overdue position as well as the collection process itself.

We can help your organisation with a.o.:

• experienced credit collectors to improve the overdue situation on the spot
• organise periodic management reporting on the AR area, so the topic becomes visible and can be managed
• setup and document a professional credit collection process
• train the organisation in the credit control activities
• embed the new process in the periodic operational procedures

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Investment analysis

Nowadays, organizations generally have limited investment poosibilities, while it is essential to invest to realize the strategic objectives, by continuously improving processes. Therefore it is important that investment opportunities will be evaluated on the basis of their return and contribution to the strategic goals.

Timmermans Consulting can assist your organization with the necessary investment calculations and, if necessary, with scenario comparisons in order to come to a balanced decision.

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Setup of Management reporting

To be able to manage an organization and take the right decisions to realize the strategic objectives, it is very important to have adequate (correct, complete and timely) information available. We have a long tradition of providing management information solutions to organizations both on top of the existing information systems as well as integrated into the applications. The approach we use is to check first the required management information versus the current available information. Based on this inventory, we will develop a model for the new management information system. The model will be discussed with all users and after approval, the model will be build and implemented delivered to the management including a training.

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Supply chain improvements

The international operating organisations face an ongoing challenge to further improve their logistic processes. Creating a highly efficient supply chain operation is essential to be able to offer clients the optimal logistics and therefor a key factor to survive in this demanding business area. Timmermans Consulting cooperates with Overbridge Consulting in UK in supplying solutions for these demanding challenges. Timmermans Consulting and Overbridge Consulting cooperate already since 2003 in delivering supply chain solutions to clients. For further information please also see the website of our most valued partner www.overbridge.biz.

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