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What it is
CBF Lab provides comprehensive support for G&A transformations, from data collection, to baselining, benchmarking, target setting, and performance tracking.
It gathers data in a standard, repeatable way from a variety of sources across an enterprise, which can then be benchmarked against McKinsey's proprietary database to identify performance gaps and improvement opportunities.
Multiple data visualization options are available, including drilldowns by geography, function/subfunction, division, or business unit.
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CBF Lab identifies effectiveness and efficiency opportunities within corporate functions.
How it works
Data gathering and categorization
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Pulls in data from any variety of data sources across the enterprise, with workflow capabilities and built-in security controls
Baseline visualization with benchmark comparison
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Validates the baseline of G&A FTEs and costs by geography, function, and business unit, with the ability to drill down into deeper levels of granularity
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Compares benchmarks from over 3,000 client cases, with detailed metrics by activity and KPI
Identification of improvement initiatives
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By linking with McKinsey’s idea database, culls initiatives from over 1,300 proven G&A improvement ideas based on pain points discovered in the diagnostic phase
Target setting and progress tracking
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Sets targets, captures and organizes initiatives, defines action plans, and assigns ownership by linking with McKinsey’s implementation tools
Why use it
Supported
Based on McKinsey’s vast experience in large G&A transformations
Data driven
Driven by consistent methodology, real client data, and measurable impact
Accessible and flexible
Easy-to-use, online, cloud-based platform for any client data structure
Expert led
Bolstered by CBF experts and McKinsey’s global centers of competence
Impact delivered through CBF Lab
$250 million
In EBIT potential identified out of a $890 million baseline at a global elevator manufacturer
$100 million
in run-rate G&A efficiencies identified out of a $1.7 billion baseline at an advanced industries player
~22%
cost reduction of G&A functions achieved at an electronics distributor
Here are some client examples
A global electronics distributor achieved ~22% cost reduction in G&A functions through simplification of its organizational structure and global footprint.
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A large global elevator manufacturer and service provider identified over $250 million in EBIT potential and achieved $63 million in short-term profit and loss savings within 12 months.
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A multi-industrial company with a portfolio of over 25 operating companies identified $100 million in run-rate G&A efficiencies and $20 million in footprint-related savings.
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A government IT services provider conducted a highly secure and quick HR diagnostic using CBF Lab.
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By working with us, you will have access to
Experts
Our industry and functional experts will be on the ground where and when you need them.
Helpdesk
Our helpdesk will keep doors open and commit to addressing your concerns efficiently and effectively.
Training
We offer coaching and build capabilities for your teams to deliver sustained improvements.
Implementation
We partner with you and co-create a firm path to implementation as part of the project.