Benchmarking is a process that measures how a company is performing against those industry leaders. It is used to better understand how outstanding companies perform, and then helps your company develop plans to improve or adapt specific best practices. This template will allow to compare the performance of your processes and activities against similar organizations, business units or departments. It can be used for example to learn from high-performing departments in your company and to adapt their best practices.
This template is especially useful during the management review meetings, and on a monthly or annual basis. It comes in two different variations, one that performs the comparisons on a monthly basis and another that performs it on a yearly basis. Both will require that you identify the benchmark metrics or KPIs you need to study, and then fill your data and the data gathered from the other organizations, business units or departments.
This template is a Microsoft Excel document that you can use and modify to suit your specific needs. For example, you may want to change the type of charts used to display the results. If you have any difficulties customizing this template or you lack time to do so, we will be happy to perform the customization for you. Let us know what you need and we’ll do our best to serve you.
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