LaunchVector Performance Benchmarking
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Our LaunchVector Performance Benchmarking enables companies to understand how they compare against best-in-class leaders and unlock competitive advantage in operations.
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To gain and maintain a competitive edge, companies across all industries must address an increasingly broad array of requirements—particularly in achieving cost savings, enhancing supply chain resilience, and demonstrating excellence in manufacturing and supply chain operations.
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Innovative business leaders are meeting this challenge head-on. By leveraging Triumph's proprietary LaunchVector Performance Benchmarking tool, they can derive valuable insights from data, enabling them to quickly adapt to the evolving dynamics of their industry.
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Triumph's LaunchVector Performance Benchmarking empowers companies to evaluate the performance of their operations relative to their peers, specifically at the site level. It facilitates straightforward comparisons both within and across industries for individual plants and supply chain networks. This tool swiftly identifies disparities from top-tier performance, identifies underlying reasons for suboptimal performance, and highlights prime opportunities to bridge these gaps, thereby unlocking competitive advantages. Leveraging over 140 financial and operational key performance indicators (KPIs), companies gain insights into their standing in critical procurement, supply chain, and back-office functions, categorized into three comprehensive modules.
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Exploring LaunchVector Performance Benchmarking in Depth
Operations Benchmarking
Triumph has a large database of benchmarks. We understand measurement and improvement. Compare your functions and processes to other organizations in your industry and other industries against more than 140 measurements. We help you pinpoint areas for improvement, set targets, assess cost, productivity and more. More than 50% of Fortune 100 represented. Blinded, normalized and aggregated data sets by a credible third party.
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Maturity Level Assessment
The Stages of Excellence framework serves as a comprehensive tool to assess all macro operating aspects across various critical functions within our organization. In the realm of Manufacturing and Quality, it meticulously evaluates processes, systems, and standards to ensure optimal efficiency and product excellence. In Procurement and Supply Management, it scrutinizes supplier relationships, sourcing strategies, and cost-effectiveness to drive sustainable value creation. Within Warehousing, it assesses inventory management practices and logistics efficiency to streamline operations. Supply Chain Strategy & Planning undergoes thorough examination to enhance agility, resilience, and responsiveness to market dynamics. Product Development is scrutinized for innovation, speed to market, and alignment with customer needs. Sales & Marketing strategies are evaluated for effectiveness in driving revenue growth, customer engagement, and market penetration. The Stages of Excellence framework provides a holistic approach to continuously improve and optimize performance across all facets of our business operations.
Cash Flow Benchmarking
Our service offering specializes in benchmarking your working capital, focusing on key metrics such as Days Inventory Outstanding (DIO), Days Payable Outstanding (DPO), and Days Sales Outstanding (DSO). By comparing these metrics against industry standards and best practices, we provide actionable insights to optimize your cash flow management. Our goal is to help you identify areas of improvement, streamline processes, and ultimately enhance your organization's financial health and liquidity.
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Client Success Using LaunchVector Performance Benchmarking by Triumph
After years of dominating the local automotive industry, the client had lost its leadership position. Declining financial and operational performance during the same period reflected the significant challenges faced by the client. In 12 weeks of turnaround plan diagnostic we benchmarked more than 500 process and operational elements across all the core automotive functions. Twelve turnaround initiatives build on 40+ prioritized sub-initiatives were identified. EBITDA benefits in excess of $500M over 5 years were identified. $45M in benefits were realized or locked in by the Triumph's and client’s team in the first year of project.