The Best of Latest Benchmarking Metrics from Hackett Group
World-class HR organizations also operate with 15% fewer staff, with 11.5 FTEs per 1000 employees versus 13.5 for typical companies.
Last year, 1,000 of the biggest U.S. companies freed up about $72 billion through improvements in collecting bills, turning over inventory and stretching out the amount of time they take to pay their own suppliers, according to a survey by Hackett-REL, a unit of business-consulting firm Hackett Group that focuses on working-capital issues.
These companies reduced the amount of money they have tied up in working capital by an average 5.6% from 2004, according to the survey. Of the 82 industries surveyed, 45 improved their working-capital situation, while 35 worsened and the rest were unchanged from a similar survey in 2004.