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Profit Growth Accelerator
Unlock Hidden Revenue. Maximize Profitability.
It is designed for organizations looking to uncover new revenue streams and enhance profitability through strategic, high-impact initiatives. Ideal for leaders seeking measurable ROI, this program provides a structured approach to identifying, prioritizing, and scaling successful projects. Led by industry-rich consultants, it leverages Benchmark’s unparalleled expertise in delivering business results through data-driven decision-making and focused execution.
With a strong emphasis on identifying and executing high-potential growth initiatives, this program equips organizations to maximize returns and sustain long-term profitability. Partner with Benchmark to accelerate your path to smarter, scalable, and sustained financial success.
Caselets
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Optimizing Strategic Sourcing
A strategic sourcing project was done for a starch manufacturing company. The company had a very large supplier base for corn and it was largely convenience sourcing leading to suboptimal quality of corn resulting in operational issues and lesser yield. The project involved defining key performance indicators such as quality, delivery reliability, cost competitiveness, accessibility and responsive… Read full caselet
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Expanding Supplier Engagement Networks
A Supplier Relationship Effectiveness project was undertaken for an NBFC to expand their Direct Selling Agent (DSA) network. The project involved identifying additional geographies to penetrate, identifying the major DSAs active in that region, re-working the commission structures to make it more attractive for DSAs and training the sales team to be able to give a quicker confirmation on loan sanc… Read full caselet
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Optimizing Loan Disbursement Workflows
A workflow analysis project was done for a housing finance company in order to identify the bottlenecks in their loan disbursement process. The objective was to reduce the disbursement time from around 28 days to less than 15 days. The entire process was mapped from loan sourcing to loan disbursement, around 35 handoffs were identified in the complete process. The process was optimized to reduce t… Read full caselet
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Optimizing Water Usage for Sustainability
A sustainability improvement project was done in a beverage plant focused on Water Usage Optimization. The plant faced excessive water consumption and high utility costs, impacting sustainability efforts. To address these issues, project team implemented advanced water recycling systems and installed sensor-based monitoring to track usage in real-time. Additionally, they optimized cleaning-in-plac… Read full caselet
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Upgrading IT Infrastructure for Efficiency
A US mortgage captive unit was undertaking a big IT infra upgrade project. Benchmark project managed the whole initiative. The requirement arose when Microsoft stopped the support of the browser IE. All the legacy applications were built on IE platform and were now required to be migrated to Google Chrome along with their database connections etc. A comprehensive and cross functional assessment wa… Read full caselet
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Driving Cost Savings Through Value Engineering
A Value Engineering project was done to reduce production costs of a household appliance without compromising quality. Initially, production costs were INR 10 lacs per batch. The team conducted a value analysis with a cross functional team and external SMEs, identifying alternative materials and optimizing manufacturing processes. They collaborated with suppliers to negotiate better rates, reducin… Read full caselet
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Streamlining Order-to-Delivery Process
A VSM activity was carried out to map the entire order-to-delivery process, uncovering bottlenecks that delayed shipments by an average of five days. Post the identification, the team streamlined information flow and coordinated cross-departmental activities, reducing delivery time to two days. Additionally, inventory levels were optimized, decreasing holding costs by INR 2 lacs per month. The pro… Read full caselet
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Optimizing Reaction Yields in Production
In a project within the Chemicals Industry, a company faced low reaction yields in a critical production process, leading to high raw material costs and reduced profitability. To tackle this issue, the project team performed a comprehensive analysis of the reaction parameters and implemented process optimization techniques like MLR. This included adjusting temperature and pressure conditions, opti… Read full caselet
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Aligning Strategy with Hoshin Kanri
Hoshin Kanri workshops are conducted along with the senior management teams where the team aligns the company’s strategic objectives with departmental goals. They facilitated the catchball process to ensure comprehensive input and buy-in from all levels. Key initiatives included expanding into new markets and enhancing customer service. Regular monitoring and adjustments ensured that targets were … Read full caselet
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Transforming Loan Approvals with AI
As a part of an ambitious project, a Kakushin innovation happened with an organization into the lending business. The organization faced lengthy loan approval times, causing customer dissatisfaction and loss of market competitiveness. To disrupt the lending space, they developed an advanced AI platform for instantaneous online loan disbursal. The solution integrated real-time credit scoring by lev… Read full caselet
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Streamlining Sales Contract Processes
A sales process optimization project aimed at reducing the contract signing time was undertaken at a leading insurance provider. By reducing the average time from 10 days to 2 days the insurance provider was able to increase the contract closure rate from 74% to 80%. Additional benefit in terms of cost savings per contract were INR 550. Key initiatives included assessing a suitable e-signature sys… Read full caselet
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Enhancing Service Desk Efficiency
A Service Desk Performance Enhancement project was executed for an organization which operates a chain of electronic stores. The existing service desk struggled with prolonged turnaround times (TAT) for handling service requests, resulting in employee dissatisfaction and decreased productivity. To address these issues, the project team deployed an advanced ticketing system featuring automated work… Read full caselet
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Reducing Employee Attrition
An attrition reduction project was done in a telecom company. The company struggled with a high attrition rate of 45%, leading to annual cost losses of approximately INR 60 lacs in recruitment and employee training. The key issues identified were employees feeling disconnected with the organization, lack of visibility on growth path, limited mobility opportunities. Key solutions included launching… Read full caselet
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Improving Sampling Techniques for Quality
An automotive OEM was facing the problem of frequent customer complaints and rejections even when the batches were internally inspected. The issue identified was the use of convenience sampling technique leading to a biased and very small sample size. A project was undertaken to statistically determine the correct sample size and identify the best sampling technique based on the nature of the proc… Read full caselet
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Developing an Early Warning System
An Early Warning System was developed using the Statistical Process Control principles for Fintech company providing real time small ticket loans to customers. The company struggled with delayed notifications on system outages and inaccurate fraud detection. To resolve this, the team developed an Early Warning System by integrating SPC data with the ERP systems, that utilized real-time data analyt… Read full caselet
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Benchmarking Compensation for Retention
An HR analytics project was carried out to do a benchmarking study for the Compensation and Benefit program. The organization faced challenges with retaining top talent due to non-competitive compensation and benefits, resulting in a high turnover rate of 18% at Senior Manager and above level and increased recruitment costs of INR 54 lacs annually. The team benchmarked salaries and benefits agains… Read full caselet
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IoT-Driven Predictive Maintenance
An Internet of Things (IoT) project was done in a manufacturing division that faced frequent machine downtimes, costing approximately INR 50 lacs annually. To address this, the project team implemented a Predictive Maintenance System using IoT sensors on critical machinery. These sensors monitored real-time performance metrics and alerted the maintenance team of potential failures. The solution in… Read full caselet
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Optimizing Inventory Management
An inventory reduction project was executed at a leather products manufacturing company to reduce the cost associated with the raw material inventory. The project included studying the produce demand, variations due to seasonality, negotiations with the suppliers for time and cost, consolidation of suppliers for a tighter and integrated value chain and Just-In-Time principle. As a result of the pr… Read full caselet
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Redefining Root Cause Analysis
A Root Cause Analysis training project was conducted for a banking back office where the approach was redefined to draw the current state diagrams identifying the current issues and their actionable causes, draw the conflict resolution diagrams to identify the conflicts in resolving these actionable causes, draw the future state diagram to depict how the issues are getting resolved by implementing… Read full caselet
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Comprehensive Risk Assessment Implementation
A risk assessment project was done for a IT services provider. The company wanted to understand the risks involved in all their processes and also wanted to have a mitigation plan for them. Project involved creating detailed process maps followed by FMEA for all the processes. Basis the RPN calculated a comprehensive list of solutions were devised to systematically reduce the risks in the processe… Read full caselet
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