Achieving a successful bank transformation is optimizing your supplier relationship, especially with armored carriers, to be considerate of your new requirements. There are multiple challenges around this. Below, we look at just one challenge, the efficiency of armored carriers, however, all seven supplier challenges are detailed in CMS Analytics' free whitepaper, Branch Transformation: Getting it Right.
Supplier Challenge One: Efficiency Benchmarking
All banks need visibility of their own operational efficiency and the respective efficiency of the industry. CMS Analytics' efficiency curve highlights how different networks and different service frequencies influence the optimal cash holdings. Banks should firstly optimize their armored transport frequency and then look to move to a position that creates a holistic optimization for the cash operations as a whole, based on the new requirements of each branch.
CMS Analytics' Efficiency Curve
The complete supplier challenges include...
Don't let armored transport and other cash suppliers inhibit your branch transformation success. CMS Analytics is helping the world's biggest banks navigate these challenges. Download our whitepaper, Branch Transformation: Getting it Right, today to see how your bank's cash operations would benchmark on our efficiency curve.