Benchmarking
Benchmarking is a comparative analysis of one company against a peer group with (almost) similar characteristics, in order to identify gaps between the individual company and its peers. Depending on the particular outcome, gaps can be identified as improvement potential or as a competitive advantage.
Based upon LHC’s experience, most companies nowadays still have significant room for improvement within their logistics operations. Benchmarking is therefore an ideal way of identifying these opportunities or labelling parts of their logistic operation as a true competitive advantage.
Depending on the individual benchmark position of our client, LHC, together with clients' management, will define a tailor-made roadmap to narrow or close gaps and move towards business excellence. An important element is the (objective) ranking of gaps to be handled. This ranking needs to take into account the required effort, the company culture, historical elements, capabilities, willingness etc.
Whole logistic operations or part of these operations, such as transportation, can be benchmarked. Most of today’s leading companies outsource their transport requirements to specialists. In this situation, LHC compares our clients' contractual agreed freight rates with those of other big multinational shippers.
Benchmarking is a comparative analysis of one company against a peer group with (almost) similar characteristics, in order to identify gaps between the individual company and its peers. Depending on the particular outcome, gaps can be identified as improvement potential or as a competitive advantage.
Based upon LHC’s experience, most companies nowadays still have significant room for improvement within their logistics operations. Benchmarking is therefore an ideal way of identifying these opportunities or labelling parts of their logistic operation as a true competitive advantage.
Depending on the individual benchmark position of our client, LHC, together with clients' management, will define a tailor-made roadmap to narrow or close gaps and move towards business excellence. An important element is the (objective) ranking of gaps to be handled. This ranking needs to take into account the required effort, the company culture, historical elements, capabilities, willingness etc.
Whole logistic operations or part of these operations, such as transportation, can be benchmarked. Most of today’s leading companies outsource their transport requirements to specialists. In this situation, LHC compares our clients' contractual agreed freight rates with those of other big multinational shippers.