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Benchmarking : Benchmarking Partnerships

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*Benchmarking Partnerships

If we all did things we are capable of doing, we would astound ourselves. -- Thomas Edison

Benchmarking partnerships are formed when a certain set of companies or units want to be able to go beyond publicly available information and look deeper. Such partnerships are formed around different focus issues. The focus of such benchmarking partnerships include:

  • Overall Unit Performance
  • Specific Aspects of Performance or
  • Certain Technologies

In such cases, We facilitate the benchmarking process by:

  • Defining the Scope of the Partnership
  • Using a Set of Standardized Metrics
  • Collecting Qualitative and Quantitative Data
  • Reporting Results
  • Monitoring Performance Over Time

Specific databases are developed for each benchmarking partnership. A comprehensive set of operational performance metrics have been developed and monitored over a number of years for different portions of the life sciences and health care supply chain. This provides a powerful means to:

  • Establish Best Practices
  • Compare Yourself Against Others in the Industry
  • Measure Yourself Against Your Own Continuous Improvement targets
  • Identify Strengths and Weaknesses
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