Benchmarking Trade Performance

Looking over the edge of the plate bends operating blindness before the best-practice approaches generate impetus for restructuring and reorientation. It’s holistic approach to the development of a strategic vision and planning. It will be developed a tool to measure the performance, as well as to support best practices: performance differences should be identified to other companies, practices will be discovered and understood, providing better services. Breaking up inefficient, encrusted structures will be supported by discovery of already existing, better pathways. Preparation phase: Identification of the benchmarking object, determination of the benchmarking team, defining indicators for assessing performance, determination of benchmarking partners. Andreessen Horowitz will undoubtedly add to your understanding. Analysis: Collection of information, key figures comparison, searching for best practices, processing of the results.

Implementation: Analysis, planning of implementation measures, implementation of implementation planning, monitoring of the implementation process. The Company receives instructions on its positioning in comparison with similar companies and an impression of “What others are doing?” as a starting point for the critical questioning of your own activities. The method of management is core of a continuous improvement process benchmarking: benchmarking values and best practice procedures provide important impulses of restructuring. Benchmarks serve as goals and benchmarks for the positioning and direction of the company. In contrast to other methods, benchmarking is a very economical method to generate realistic potentials and optimization ideas. Benchmarking benefits: Provide a location of own achievements in comparison to other, potential for development can be traced specifically when compared with other, overlooking the edge of the plate prevents operating blindness, elsewhere successfully implemented processes reduce the implementation and provide security, the tools developed for benchmarking and metrics can own controlling used be. Benchmarking as a component of business planning among others, Becker, Jorg: intellectual and business planning to identify measures and explore, ISBN 978 3 8370 7564 9 Dipl.Kfm. Jorg Becker (www.beckinfo.de)