Elements and Performance Criteria
- Identify the need for benchmarking
- Identify benchmarking as a tool for achieving strategic goals in enterprise planning processes
- Analyse customer requirements, perceptions and satisfaction data to identify the need for improvement
- Analyse competitor's products or processes to identify the need for improvement
- Analyse company processes to determine potential improvements to efficiency
- Analyse regulatory requirements to identify the need for improvement
- Prepare for benchmarking
- Determine scope and parameters of the benchmarking exercise according to enterprise priorities and plans
- Estimate benchmarking resource requirements and include them in budgets and operational plans
- Plan benchmarking strategies around realistic time frames and enterprise planning cycles
- Identify and plan communication and mathematical requirements
- Develop benchmarking goals in consultation with stakeholders
- Select benchmarking teams according to agreed criteria
- Confirm team roles and responsibilities and deliver training accordingly
- Schedule and document benchmarking activities following consultation with stakeholders
- Establish and agree criteria for internal and external benchmarking with benchmarking team
- Identify internal and external benchmarking partners or sources, according to the scope, parameters and goals of the benchmarking exercise
- Develop cooperative and open relationships with benchmark partners
- Undertake benchmarking activity
- Identify and negotiate logistical requirements and impacts of the benchmarking exercise with stakeholders
- Develop statistical analysis and measurement frameworks
- Develop and agree problem-solving processes
- Analyse and document own enterprise or department functions, processes and operations according to agreed criteria
- Analyse and document benchmarking partner's functions, processes, operations and performance outcomes
- Compare performance to identify compatibility of measurement data, commonalities, trends, differences and gaps
- Communicate comparisons or benchmarking reports to benchmarking partners according to agreement
- Develop strategies for change from analysing and evaluating divergences and gaps
- Capitalise on benchmarking outcomes
- Identify opportunities for using benchmarking and benchmarking data in continuous improvement processes
- Build customer consultation and feedback into continuous improvement processes
- Support enterprise personnel during the change process
- Measure and report improvements resulting from the benchmarking processes to stakeholders
- Use benchmarking information to develop the enterprise's competitive advantage and market profile
- Identify the need for benchmarking
- Identify benchmarking as a tool for achieving strategic goals in enterprise planning processes
- Analyse customer requirements, perceptions and satisfaction data to identify the need for improvement
- Analyse competitor's products or processes to identify the need for improvement
- Analyse company processes to determine potential improvements to efficiency
- Analyse regulatory requirements to identify the need for improvement
- Prepare for benchmarking
- Determine scope and parameters of the benchmarking exercise according to enterprise priorities and plans
- Estimate benchmarking resource requirements and include them in budgets and operational plans
- Plan benchmarking strategies around realistic time frames and enterprise planning cycles
- Identify and plan communication and mathematical requirements
- Develop benchmarking goals in consultation with stakeholders
- Select benchmarking teams according to agreed criteria
- Confirm team roles and responsibilities and deliver training accordingly
- Schedule and document benchmarking activities following consultation with stakeholders
- Establish and agree criteria for internal and external benchmarking with benchmarking team
- Identify internal and external benchmarking partners or sources, according to the scope, parameters and goals of the benchmarking exercise
- Develop cooperative and open relationships with benchmark partners
- Undertake benchmarking activity
- Identify and negotiate logistical requirements and impacts of the benchmarking exercise with stakeholders
- Develop statistical analysis and measurement frameworks
- Develop and agree problem-solving processes
- Analyse and document own enterprise or department functions, processes and operations according to agreed criteria
- Analyse and document benchmarking partner's functions, processes, operations and performance outcomes
- Compare performance to identify compatibility of measurement data, commonalities, trends, differences and gaps
- Communicate comparisons or benchmarking reports to benchmarking partners according to agreement
- Develop strategies for change from analysing and evaluating divergences and gaps
- Capitalise on benchmarking outcomes
- Identify opportunities for using benchmarking and benchmarking data in continuous improvement processes
- Build customer consultation and feedback into continuous improvement processes
- Support enterprise personnel during the change process
- Measure and report improvements resulting from the benchmarking processes to stakeholders
- Use benchmarking information to develop the enterprise's competitive advantage and market profile