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Benchmarking
Industry-Focused Benchmarking
How does it work?
What is the process?
What will the results look like?
Examples of analytical support
Improvement Workshops surveys
Basic Steps in Benchmarking:
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Intra-Company Benchmarking
Our projects cross functional, operating and organizational barriers in providing an "enterprise wide" comparisons that management can use to make decisions and course corrections that will have a competitive impact.
The metrics covered in our programs will undoubtedly continue to change over time as participants find that some of the information is not meaningful or as the environment in which the industry operates changes. Participants are encouraged to propose new metrics in the context of group participant meetings or privately to Phillip Townsend Associates. Suggestions regarding new metrics are presented to participants for feedback and willingness to provide data.
Raw Material Sourcing
Manufacturing/Assembly
Logistics and Distribution Costs
Overhead costs
Sales and Marketing
Energy consumption/management
Make or Buy analysis
Plant maintenance
Research and Development
M&A-Valuations and Due Diligence
Turnarounds
Business model validation
Allocation of Assets and Resources
Purchasing
What’s Benchmarking ?
POSTED BY ARI ON 3 APRIL 2009 10 COMMENTED
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{draw:a} What is Benchmarking
Benchmarking is the process of determining who is the very best, who sets the standard, and what that standard is. In baseball, you could argue that seven consecutive World Series Championships made the New York Yankees the benchmark.
If we were to benchmark “world conquest”, what objective measure would we use to compare Julius Caesar to Adolph Hitler; Gengis Khan to Napoleon? Which of them was the epitome, and why?...
