‘Benchmark’ and ‘benchmarking’ are two terms often used interchangeably: the computer world tends to use ‘benchmark’, while ‘benchmarking’ is commonly used in management. Benchmarking is originally a term from the world of quality assurance. A benchmark is a test procedure to enable comparisons between processes, equipment, systems or organizations. As such, benchmarking is the first step towards improving performance.
At Groenewout, we have extensive experience in benchmarking supply chain operations. Our consultants compare your performance against that of your competitors and highlight areas for improvement.
This can include coverage of the following topics:
Benchmarking for transport
In order to give you a sense of our approach when providing advice on benchmarking, we are pleased to outline the project we completed for our client Spandex. Spandex, a leading supplier in the sign and specialty graphics industry, asked us to optimize its hardware and aftermarket freight within Europe and Australia while maintaining its existing supply chain footprint. In the first phase, we closely examined the supply chain performance. A combination of interviews and data analysis resulted in a longlist of potential areas for improvement. Benchmarking and simulation were two of the tools used to reduce the longlist to a shortlist of possible improvements. During the benchmarking process, the following aspects were considered:
Would you like to know more about how your organization can benefit from benchmarking? If so, please feel free to contact our expert: