Targets System Architecture

What are the integral parts of a Targets System? – is a question frequently asked by CEOs, CFOs, CIOs, and managers on their organization charts staffing client’s Architecture Teams. One of Enzweiler’s Senior System Architect’s answer is the content of this post.

Dashboards

Sage Advice on Managing Using Actual vs Metric Targets Dashboard(s)

Managers, planners, analysts on the next client’s organization chart(s) will collaborate to develop, demonstrate, and use Actual vs Metric Targets dashboard(s) to manage to hit their metric targets, to consistently make their contributions to hitting top line targets on Income Statement(s).

One of Enzweiler’s Senior System Architects can offer sage advice on how Targets System(s) will be ranked as the next client’s #1 system over the very long duration State-of-the-Art Financial System(s) will be used to publish Income Statement(s).

Manage Using Actual vs Top Line Targets/Budgets Dashboard(s)

Managers, planners, analysts on the next client’s organization chart(s) will collaborate to develop, demonstrate, and use Actual vs Top Line Targets/Budgets dashboards to validate;

Their contributions are being consistently made to hitting top line targets on Income Statement(s) using Targets System(s)

Discretionary SG&A expenses are being managed using budgets and/or being controlled using a system of internal controls

Over the very long duration State-of-the-Art Financial System(s) will be used to publish Income Statement(s).

Analytics

Analyze Actual vs Metric Targets Databases

Managers, planners, and analysts on the next client’s organization chart(s) will collaborate to analyze Actual vs Metric Targets database(s). Discovered data correlations will be used by managers, planners, and analysts on the next client’s organization chart(s) to continually improve at;

Setting their metric targets using earning projection model(s)

Hitting their metric targets to consistently make their contributions to hitting top line targets on Income Statement(s) using Actual vs Metric Targets dashboard(s)

Over the very long duration State-of-the-Art Financial System(s) will be used to publish Income Statement(s).

Analyze Actual vs Top Line Targets/Budgets Databases

Managers, planners, and analysts on the next client’s organization chart(s) will collaborate to analyze Actual vs Top Line Targets/ Budgets database(s). Discovered data correlations will be used to continually improve at managing and/or controlling discretionary SG&A expenses.

Analyze an Earnings Targets Miss

CEO, CFO, planners, and analysts on the next client’s organization chart(s) will collaborate to analyze Actual vs Top Line Targets/ Budgets database(s) on the rare occasion when earnings targets are missed.

Discovered data correlations will be used to explain how an earnings targets miss was caused by external headwinds which could not be accurately forecasted, and which could not be managed using Targets System(s).

Models

Forecast External Head/Tail Winds Using Forecasting Models

CEO, CFO, managers, planners, and analysts on the next client’s organization chart(s) will collaborate to use external head/tail winds models to forecast the most probable scenario for the impact of external head/tails winds on at least four (4) future quarters’ earnings, computed using earnings projection model(s).

Set Metric Targets Using Earnings Projection Model(s)

CEO, CFO, CIO, and managers, planners, analysts on the next client’s organization chart(s) will collaborate to develop, demonstrate, and use earnings projection model(s) to set their metric targets.  Set metric targets will be used by earnings projection model(s) to;

Project at least four (4) future quarters’ top line targets listed on Income Statement(s)

Budget SG&A expenses listed on Income Statement(s)

Income Statement model(s) will use projected top line targets and budgeted SG&A expenses to compute at least four (4) future quarters’ earnings targets, given the most probable scenario for the impact of external head/tail winds.

Forecast Customer Demand Using Forecasting Models

Managers, planners, and analysts on the next client’s organization chart(s) will collaborate to develop, demonstrate, and use forecasting models to forecast future customer demand for products and/or services.

Plan to Fulfill Customer Demand Using Supply Chain Planning Models

Managers, planners, and analysts on the next client’s organization chart(s) will collaborate to develop, demonstrate, and use supply chain planning models to plan to hit their metric targets for fulfilling customer demand with quality manufactured products, and/or quality products sourced from suppliers delivered to customers on-time as promised.

Plan to Complete Projects On Time Using Project Planning Models

Managers, planners, and analysts on the next client’s organization chart(s) will collaborate to develop, demonstrate, and use project planning models to plan to hit their metric targets for completing projects on time, to be within budget.

Plan to Hit Their Metric Targets

Managers, planners, and analysts on the next client’s organization chart(s) will collaborate to develop, demonstrate, and use forecasting models and planning models to plan to hit their metric targets, which member of their Architecture Team decided will be set and hit for managing their responsibilities.

Synchronized Databases

Integrate and Update Parts of Targets System

Tool specialists who are on the next client’s organization chart(s), and/or under contract, and/or in the Cloud will use an extract, transform, load (ETL) to develop and maintain synchronized databases.

One of Enzweiler’s Senior System Architects can answer questions on how synchronized databases integrate and update parts of Targets System(s).

Sage Advice on Using Databases

One of Enzweiler’s Senior System Architects can offer sage advice on how data stored in databases maintained by using;

Social media systems

Other digital advertising systems

Digital marketing systems

CRM systems

ERP systems

Human Capital Management systems

State-of-the-Art Financial systems

Other systems hosted in the Cloud and/or on-premise

Can be extracted, transformed, and loaded to be a synchronized database use to integrate and update parts of Targets System(s).