When we contacted OMEP we knew how to design and sell products and were just opening our first in-house workshop and needed help. OMEP helped bridge the gap between our ideas to make them into products that we can sustainably produce and offer to our customers.
OMEP partnered with CNOC to develop a current and future state value stream map of the processes encompassing the full order to cash cycle for the trekking poles. Value stream mapping (VSM) is a diagnostic tool used to identify waste and improve flow in company processes throughout the organization.
Along with the value stream map, OMEP worked with the team to create a 3-year business model and strategic plan. As part of their analysis, they Identified strengths, weaknesses, threats, and opportunities for CNOC. After refining their value proposition, the CNOC team aligned their mission, vision, values to best meet the needs of their key customer segments. Finally, OMEP partnered with the team to determine distribution channels, key resources/activities/partners through a business model canvas. On the financial side, they defined their cost structure, revenue streams and built a 3-year financial model with an action plan to transition to the new business model.