LONDON--(BUSINESS WIRE)--Infiniti Research, a competitive intelligence solutions provider, has recently announced the completion of their latest competitive benchmarking analysis for an automotive company. During the course of this engagement, the experts at Infiniti Research helped the client to make changes in their processes and business practices to meet the needs and demands of their customers. Also, the article discusses in detail the four-phased approach undertaken by the experts at Infiniti Research to help the client reduce operating cost by 20%.
Competitive benchmarking is a pre-requisite for effective business planning, especially when it comes to analyzing competitors’ strategies and identifying business gaps. The competitive benchmarking engagement provides detailed insights on how an organization can achieve success by measuring up against their competitors. Infiniti’s competitive benchmarking solutions have helped various organizations to prioritize areas of improvement and formulate effective business plans.
Nowadays, it becomes imperative for companies to focus more on competitors’ business strategies and make constant changes in business plans. Request a free proposal to know how our competitive benchmarking analysis solutions can help you understand your performance relative to close competitors and drill down into performance gaps to identify areas for improvement.
The business challenge: The client is an automotive product manufacturer based out of Central Europe. With a large number of automotive manufacturers and suppliers entering the European automotive market every year, the client was facing challenges in competing with them in terms of product, quality, and capability. Also, the client was losing their market share to their competitors. Therefore, the client wanted to compare their own performance with other major automakers in the market. Also, they wanted to identify their shortcoming and strengths compared with other major automakers in Europe. Therefore, they approached Infiniti Research to leverage their expertise in offering competitive benchmarking solution.
Competitive benchmarking analysis helps businesses to assess their competitor's strengths and weaknesses and implement effective strategies to improve their competitive advantage. Contact us to know how our competitive benchmarking analysis solution can help you easily track your competitors’ strategies and develop a standardized set of processes and metrics to measure up against your competitors.
The solution offered: The experts at Infiniti Research followed a three-phased engagement to competitive benchmarking. With Infiniti’s competitive benchmarking analysis solution, the client was able to understand their performance relative to close competitors. Infiniti’s competitive benchmarking analysis engagement also helped the client to understand how the company’s processes, business planning, and financial performance compared with that of their direct and indirect competitors. Also, Infiniti’s competitive benchmarking engagement helped the client to develop a standardized set of processes and metrics to meet the industry standards. Within eight months of employing competitive benchmarking analysis engagement, the client was able to reduce operating cost by 20%.
Infiniti’s competitive benchmarking analysis helped the client to:
- Make changes in their processes and business practices to meet the needs and demands of their customers
- Implement improvement opportunities to gain a competitive edge in the market
- Wondering how your business can benefit from our competitive benchmarking engagement? Request more information from our experts!
Infiniti’s competitive benchmarking engagement offered predictive insights on:
- Identifying where they lagged compared with their competitors in terms of supply chain and distribution capabilities
- Saving $7.8 million
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About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us