Benchmarking
Egremont has a proprietary databse of anonymous financial and operational benchmarks which allows our clients to gain otherwise unobtainable insight by comparing themselves against other consumer facing businesses of a similar size and complexity. Comparing data around the activity and cost drivers of a function, department or team is often the first step in a business simplification initiative and can pinpoint for you where you could improve performance. This isn't just a numbers game though- the value we bring comes from understanding the business context in which you are operating and drawing insights from the story behind the data.
The insights which you draw from benchmarking work may then lead you to think about how best to design your organisation going forward applying lean principles, and how best to introduce change in a way that sticks.
Example projects:
- Worked with a major High Street Retailer to understand the drivers of complexity and cost and address them, resulting in cost savings of £20m in Head Office and Supply Chain
- Worked with one of the top ten UK retailers (by turnover) to understand how to reduce central costs and improve efficiency in the light of predicted tough trading conditions, resulting in identified cost savings of £50m