However, supply chain functions have yet to regularly identify and communicate the financial benefits that result from benchmarking projects.
APQC's survey also reveals a further advantage supply chain functions have over others: these functions tend to have employees with more experience in benchmarking activities than their peers.
Benchmarking is definitely one of the criter ia for measuring process of products and service processes in the most leading companies.
It has also been proposed that the multiple definitions which were proposed, stated diverse stages in the evolution of benchmarking, and based on the definitions, they had concluded that benchmarking had passed through four important stages of evolution .
The first is Spendolini, (1) a good general reference book, and the second is Dattalcumar and Jagadeesh (4) which provides a comprehensive classification of benchmarking articles.
Today, benchmarking is an important consideration for health care organizations.
7) benchmarking can be used in any type of organization respectively enterprises, units from a certain enterprise or public services, that wants to use benchmarking to improve their competencies, efficiency and/or competitiveness.
The concept of benchmarking is seen as an evolving phenomenon, a dynamic phenomenon.
Coe (1999) explored the practice of benchmarking in the United States by comparing the North Carolina Benchmarking Project with the ICMA Comparative Performance Measurement Consortium.
Ammons, Coe, and Lombardo (2001) also compared three benchmarking projects in the United States, identifying a gap between expectation and result.
Advisers should take the lead in designing the benchmarking process and shaping the parameters of the discussion.
And, although the benchmarking should first consider which recordkeeper and investment manager will be best for the plan itself, advisers might want to look beyond that and consider which firms offer the best services and assistance to the adviser.