What is benchmarking?

Benchmarking for public procurement is a process of measurement of various factors related to the acquisition of goods organization against industry standards. This may include elements such as costs, delivery and accounts due for purchased items. The aim is to constantly develop and facilitate compliance with proven procedures in the field. The process may include instructions for the cost of obtaining materials and services. The cost of producing each product is another factor to be considered. This process may also include adherence to benchmarks to reduce prices by improving different procedures.

Accounting is another key aspect of benchmarking of public procurement. Among the factors that need to be considered include the typical size of the payable accounts, the average part of the time required to pay the invoice and how much the management of these processes costs. Periodic analysis of the payment conditions can also be required to adjust to be a benchmark. The complexity of this process depends on the item. Even kdsThere may be an industrial standard for certain properties, and there may also be several ways that the organization will want to exceed its competitors in quality.

Another important part of the order benchmarking is delivery. This involves creating instructions for the timeliness and accuracy of the order. It is also common to regularly evaluate the quality of materials supplied as part of this process.

Once the benchmarking system has been introduced, there are several ways to maintain and improve its operation. One of the key tasks is to regularly check the public procurement process to ensure that benchmarks are met. If this is not the case, then further review and analysis will usually be required to find out what actions would improve the situation best. Usually, it will also be necessary to adjust the scales as the industry, market and organizational factors change.

benchmarksIt will usually require regular dealers' evaluation to award orders. This may include performance analysis and comparison with the performance of the supplier's competitors. It may also include comparison of prices, quality and other key elements to find that the organization accepts the optimal benefit from the current relationship of the supplier. A decrease in quality, organizational growth and market changes can cause a new dealer to be found to accommodate the company and meet the reference values.