What Are the Different Types of Benchmarking Services?
Benchmarking refers to a method of finding problems, analyzing problems, and solving enterprise problems with the help of theories and methods of benchmarking [1] .
Benchmark comparison
- There are three different types of benchmarking: internal benchmarking, external benchmarking, and internal and external benchmarking.
- (1) Internal benchmarking comparison. Internal benchmarking is the starting point for benchmarking activities in the corporate finance department, and it is the job that any company should complete before starting an inspection of an external company. Internal benchmarking is the general process of benchmarking. For those companies that have many small business units and each business unit has an independent financial department engaged in financial work, the use of internal benchmarking can establish the best internal financial functions and Processes and their practices, and then roll out to other business units.
- (2) External benchmarking can be divided into two types: in-industry and out-of-industry. In-industry benchmarking is a comparison of the company's financial strategy and processes in related industries. It is based on competitors, and it directly faces competitors The advantage is that it is relatively easy to obtain public information and the relevance is relatively high, but some information about competing companies is not easy to obtain; industry benchmarking is to extend benchmarking beyond the industry and non-related industries are also included in benchmarking Within range. Industry external benchmarking compares similar projects in enterprises with companies in different industries, and has a greater reference value for itself.
- (3) The comparison of internal and external comprehensive benchmarking is a combination of the above methods to enable enterprises to achieve greater improvements.
- These three benchmarking methods are not perfect, and different types of benchmarking methods have their own advantages and disadvantages. Therefore, when the company actually chooses to use them, it should weigh each method comprehensively and choose different benchmarking types.
- Attention should be focused on learning, not on finding faults; [2]
- Focus on the outside, not the inside;
- Pay attention to excellence, don't catch mistakes
- Work to supplement additional improvements;
- Don't just be a visit;
- Do not analyze after full quantification;
- If you haven't been proven, you don't need to study at the moment.