When people think of benchmarking, they often think of external market and price indices, which are usually carried out automatically for products or a product group. But how do you deal with materials for which there are no external sources?
This is where internal benchmarking can be useful, whereby it is not only the price developments of materials from different suppliers that are of interest, but also, for example, the performance of suppliers within a product group or at different locations if purchasing is not centralized.
Quality and process indicators can also be examined in this way. Why are there different conditions within the company, etc.?
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