Benchmarking exercise leads to strategic advantage
Internal benchmarking at a US specialty metals distributor revealed the company was improving its inventory turn performance year by year. However when the firm conducted a comparative benchmarking exercise it found it was behind the top performer in its own industry and also behind the average of industrial materials distributors in another sector, although similar…
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14.2.4 Conduct best practice/ process benchmarking
14.2.3 Benchmark performance measures against competitors