foresight for your future...values from our past

 
Tuesday, January 06, 2009
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Consulting Services * Telephone Specific * Benchmarking
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Cheryl Clauson

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Matthew Macdonald

Benchmarking

Benchmarking is the process of studying and comparing how other organizations perform similar processes and activities. It compares your information with the "best in class" for your industry and provides insights for you to adopt "best in class" processes and activities and avoid the "mistakes" of others. Using a benchmarking process you will focus on key indicators of your business addressing questions such as:

  • What does the indicator measure?
  • Why does my company vary from the benchmark?
  • Is the variance for a valid condition?
  • Can the condition be improved?
  • What action do we need to take?
  • When will we check progress?

Analysis of key industry indicators and the development of meaningful actions plans will assist your business in improving the health of your balance sheet, the strength of your cash flow, the profitability of your products and services and the management of your expenses.

Our involvement with surveys of various industry's positions us to be uniquely qualified to assist you in the comparison and analysis of your operations against the benchmarks of your industry.

Please contact us directly for more information on how we might assist you with the benchmarking process.