Benchmarking against industry standards facilitates cost savings

A 2001 benchmarking study at Snap-on, a US producer of professional tools, diagnostics and equipment, showed that one of its auto fleets had a cost per vehicle significantly higher than others in the same category. The study highlighted an upward trend in accident frequency and severity, cost of insurance and legal, handling claims and loss…

BPIR Categories

14.2.4 Conduct best practice/ process benchmarking
11.1.4 Manage cash flow