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Thursday, March 18, 2010

Procurement Benchmarking

 

The ability to rapidly and objectively assess how well business processes are performing in relation to overall business value, strategy and competition is crucial to procurement and shows a direct correlation to reducing costs and boosting value.

Benchmarking is a technique used by more and more organisations wishing to evaluate processes in relation to best practice and develop plans on how to adopt such practices.  Benchmarking is often done on a continuous basis so an organisation can challenge their own practices with the aim of increasing certain aspects of performance.

BENCHMARKING COMMENT

BENCHMARKING PRESENTATIONS

Take the mystery out of innovation Online Global Members only
In his presentation Dr Billington will: Explain knowledge brokering and how these principles are expanding procurement’s contribution to any firm’s innovation rate. Discuss the emergence of “seeker-solver” networks and how they will enable procurement organisations to expand their contribution.

Supplier Management – A strategic value lever for Deutsche Post World Net (DPWN) Online Global Members only
With the aim of improving group-wide performance of its top suppliers, Deutsche Post World Net developed and successfully implemented the “Corporate Supplier Management Model (CoSMo)”. CoSMo ensures a standardised and interdisciplinary approach for supplier rating and development right across the DPWN group, delivering substantial value to its supply chain.

BENCHMARKING OPINIONS


In this Knowledge Group best practice methodologies will be examined, assisting companies to benchmark costs, review their position and that of their competitors.

If you are interested in becoming a member of the advisory board of this Knowledge Group, please contact us on +44 (0) 207 501 0538.



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