Your cart is currently empty!
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
-
Driving Lean Production Excellence
A Lean project was done at a renewable energy equipment manufacturer that faced inefficiencies in their production processes, resulting in delays and higher operating costs. Key issues included redundant workflows, production bottlenecks, and excessive material waste. To resolve this, the team implemented lean manufacturing principles, streamlined production lines, and introduced autonomation in c… Read full caselet
-
Building Vendor Capability Metrics
A process capability model was developed for the vendor management department of an organization. The key issue identified was having no visibility on vendor performances and no way to compare their performances (as all vendors used their own capability metrics). The team used to do a monthly and quarterly review but it was more with a lag of at least a month. The vendor management team wanted a m… Read full caselet
-
Transforming Learning Management
A Learning Management project was undertaken in a customer care center which was struggling due to the absence of a unified training platform which led to fragmented learning experiences and difficulty in tracking progress. The project team deployed a comprehensive Learning Management System (LMS), integrated with existing HR systems. The LMS offered personalized learning paths based on individual… Read full caselet
-
Streamlining Data Reconciliation
A Lean Six Sigma Yellow Belt project was done to save time spent in recon of data from two different sources in an investment bank back office. In the KYC process, there was a dual data entry concept where 2 analysts were capturing the details in an excel file. The excel files were reconciled and then the data was uploaded to the server. The manual recon was time consuming. Hence, a macro was crea… Read full caselet
-
Automating Compliance Reporting
A Lean Six Sigma Green Belt project to automate CERSAI reporting was undertaken for a leading housing finance company within 3 months. Key features included automated data extraction, validation, scheduled submissions, real-time tracking for failures, and alert notifications. Financially, the project helped reduce the risk of annual penalties of up to INR 4.5 lacs each year. Additional benefits in… Read full caselet
-
Refining Credit Fraud Detection
A Lean Six Sigma Black Belt project was carried out at a leading bank which aimed to reduce the false negative rate in credit card fraud detection by 30% within six months. The project involved analyzing the root causes of missed fraudulent transactions, refining detection algorithms, incorporating additional data points, and using advanced simulation techniques. The outcome was a significant annu… Read full caselet
-
Enhancing Security Management Practices
A project to reduce the security incidents of tailgating was done at a call center. Project involved upgrading the access control to automatically scan employee credentials along with anti-tailgating sensors, CCTV recordings of the door, revising the policies to make it a stricter punishable offence and sensitizing all employees on the implications of tailgating. The project was able to reduce the… Read full caselet
-
Cost Analysis for Procurement Savings
A project was carried out at a leading solar company to achieve a 15% reduction in procurement costs, resulting in annual savings of INR 3.5 lacs within six months by renegotiating supplier contracts. The spend data was analyzed and benchmarked against industry standards, followed by negotiations with key high-spend suppliers to secure lower prices and improved payment terms. Additionally, the pro… Read full caselet
-
Streamlining Aerospace Product Development
A project was done for a leading aerospace company which experienced frequent delays and quality issues in new product development, leading to increased costs, potential safety risks and penalties. To address this, the project team implemented Advanced Product Quality Planning (APQP) processes, including comprehensive Failure Mode and Effects Analysis (FMEA), control plans, and process validation … Read full caselet
-
Optimizing Logistics Efficiency
A project was done for a leading battery manufacturer to reduce their truck detention charges by 50%. The project involved analyzing and improving loading and unloading times, implementing an appropriate scheduling system for better communications with carriers and dock assignments, reallocating resources to increase dock staffing during peak times. Collaboration with carriers was enhanced to esta… Read full caselet
-
Strengthening Procurement Quality Controls
A project was carried out at an EPC company that faced procurement inefficiencies and safety risks due to purchasing sub-standard materials from low-cost suppliers. These materials often failed to meet quality standards, causing construction delays and safety hazards. To resolve this, the project team implemented a centralized procurement system with stricter vendor qualification processes and enh… Read full caselet
-
Mitigating Component Failures
A project was done at an automotive component manufacturing unit. The problem was premature failures in the component. Project team used Design FMEA to identify and mitigate potential failures in the component. Initially, the component faced a 10% failure rate during testing, costing about INR 5 lacs in recalls. The team standardized FMEA processes with templates and trained a cross-functional tea… Read full caselet
-
Ensuring Packaging Reliability
A project was done at a medical equipment company to address the surge in complaints due to packaging failures, leading to product contamination and costly recalls. The key issue identified was inconsistent sealing processes, resulting in a 20% increase in customer complaints over a year. To address this, the team conducted a thorough root cause analysis and switched to higher-quality, tamper-evid… Read full caselet
-
Transforming Document Management
A project was done at a legal firm to implement a Document Management System. The firm was struggling with managing extensive paper records, resulting in slow retrieval times, high storage costs, and security vulnerabilities. To address these issues, we transitioned to a digital Document Management System (DMS). This involved a one time effort of digitizing existing documents, deploying the DMS so… Read full caselet
-
Optimizing Customer Onboarding
A project was carried out in a leading NBFC to streamline the customer onboarding process. By reducing the average onboarding time from 15 to 7 days and increasing customer satisfaction from 70% to 90%, the company was able to decrease onboarding-related attrition from 12% to 5%. Key initiatives taken included process mapping, upgrades to the automated onboarding platform, standardization of proce… Read full caselet
-
Eliminating Duplicate Payments
A project was carried out in a captive unit of a MNC to reduce the duplicate payments in Accounts Payable by 95% within six months. The initiative included activities like assessing current processes, automating payment checks, and training AP staff. By establishing robust review protocols, the organization was able to achieve cost savings of INR 2.6 lakhs per annum. Read full caselet
-
Optimizing EWS for Loan Stability
A project was carried out for a leading UK based FinTech company to enhance the Early Warning System (EWS) for loan defaulters by improving the accuracy of predictive indicators and reducing loan default rates by 25% within five months. The project focused on refining data inputs, better understanding of red flags, and expediting the monitoring processes. Benefits included a more reliable EWS with… Read full caselet
-
Strengthening Incident Response Systems
A digital gold loan company did an Incident Response Enhancement project. The company faced issues with slow threat detection and unclear response protocols, which led to delayed mitigation of security incidents. To address these challenges, the project team established clear incident response protocols and deployed detection tools to develop an Early Warning System for potential security threats.… Read full caselet
-
Reducing Defects in System Design
A DFSS project was done to reduce the defect rates in the new HVAC system design. Initially, the design phase experienced a 15% defect rate, leading to increased rework costs of INR 1.2 lacs. The team implemented Design For Six Sigma methodologies and conducted a Voice of Customer (VoC) analysis. They redesigned critical components and introduced rigorous testing protocols. As a result, defect rat… Read full caselet
-
Designing for Customer Excellence
A DFSS Green Belt project focused on a new consumer electronics product using the QFD approach. The team developed a comprehensive QFD matrix to translate customer needs (the WHAT’s) into design specifications (the HOW’s). By prioritizing features based on customer importance, they aligned the product design accordingly. This led to a quicker TAT in the design with minimal reworks. The product lau… Read full caselet
We’re here for you
Are you ready to start streamlining your business with the full support of our team of experts in your field?