Benchmarking is a process that measures how a company is performing against those of world-class performance. It is used to better understand how outstanding companies perform, then helps your company develop plans to adapt specific best practices. This template allows you to report the summary of your benchmarking analysis in a very simple manner.
This template comes in two different variations, one that performs the comparison on a monthly basis and another that performs it on a yearly basis. Both will require that you identify the target metrics or KPIs, then fill your data and the data collected from the other companies, business units, departments or production lines.
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, or adjust the worksheet to display the results on a quarterly basis.
You may also download the benchmark identification template (click here to see an example). This template will help you identify the organizations that you want to benchmark with then select the most relevant based on business similarity. Note that description of organizations will be used as the basis for prioritization.