Benchmarking is used to determine how your entity measures up against like industries or competitors. From this type of analysis you determine best-practice where possible and gain efficiencies. Today's industry does like to help other industries, and can be quite helpful where knowledge and guidance can be given for productivity gain and the exchange of benefits and knowledge.

There are many types of Benchmarking.

Internal Benchmarking - comparing your process operations within your organisation, best-practice sharing within your departments is sometimes overlooked. The outcome of this process for example, can lead to a development of an intranet "Best Practice" knowledge office.

Competitive Benchmarking - analysis of a product or process of a competitor. Competitive benchmarking helps determine industry best practice, it is helpful for planning business activities and setting new goals.

Outside-Industry Benchmarking - comparing your industry to a process leader outside your industry. This is important in assisting you to determine the best-in-class processes and practices that may give you the competitive edge in your own industry.

Inclusive Benchmarking - comparing your practices over all industries and products to determine best practice innovation for a product or process.

We can help you with guidance in your benchmarking project, help you with the "Do's and Dont's" and guide you from initiation to report development.