List of benchmarking methods and software tools
Encyclopedia
Benchmarking requires the use of specific valuation methods. With evaluation is meant the evaluation the level of achieving the target for a particular evaluation item. There are general "methods" respectively approaches as well as IT-supported "software tools" that enable an effective and efficient work.
The following is a list of notable methods and benchmarking software tools.
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The following is a list of notable methods and benchmarking software tools.
Benchmarking methods
There are many benchmarking methods each having different analytical focus. The methods are mostly known and will be shown in the following summary.| Methods | Notes |
|---|---|
| Matrix technology | |
| Comparison tables | |
| Graphs: Pie chart Pie chart A pie chart is a circular chart divided into sectors, illustrating proportion. In a pie chart, the arc length of each sector , is proportional to the quantity it represents. When angles are measured with 1 turn as unit then a number of percent is identified with the same number of centiturns... , Bar chart Bar chart A bar chart or bar graph is a chart with rectangular bars with lengths proportional to the values that they represent. The bars can be plotted vertically or horizontally.... / Histogram Histogram In statistics, a histogram is a graphical representation showing a visual impression of the distribution of data. It is an estimate of the probability distribution of a continuous variable and was first introduced by Karl Pearson... |
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| SWOT analysis SWOT analysis SWOT analysis is a strategic planning method used to evaluate the Strengths, Weaknesses/Limitations, Opportunities, and Threats involved in a project or in a business venture... |
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| Potential/resources-analysis | |
| Price/performance ratio Price/performance ratio In economics and engineering, the price/performance ratio refers to a product's ability to deliver performance, of any sort, for its price. Generally speaking, products with a higher price/performance ratio are more desirable, excluding other factors.... |
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| Potential analysis Potential analysis cleanup The term "Potential Analysis" consists of the terms "Potential" and "Analysis" and describes the structural examination of specific characteristics and competencies. Potential analysis´ provide information about abilities of employees, future events, methods or organizations... |
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| Life cycle analysis Life cycle assessment A life-cycle assessment is a technique to assess environmental impacts associated with all the stages of a product's life from-cradle-to-grave A life-cycle assessment (LCA, also known as life-cycle analysis, ecobalance, and cradle-to-grave analysis) is a technique to assess environmental impacts... |
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| market growth/market share Market share Market share is the percentage of a market accounted for by a specific entity. In a survey of nearly 200 senior marketing managers, 67 percent responded that they found the "dollar market share" metric very useful, while 61% found "unit market share" very useful.Marketers need to be able to... portfolio |
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| market attractiveness/competitive strength portfolio | |
| Portfolio attractiveness customer/supplier position | |
| Technology Technology Technology is the making, usage, and knowledge of tools, machines, techniques, crafts, systems or methods of organization in order to solve a problem or perform a specific function. It can also refer to the collection of such tools, machinery, and procedures. The word technology comes ;... /resource Resource A resource is a source or supply from which benefit is produced, typically of limited availability.Resource may also refer to:* Resource , substances or objects required by a biological organism for normal maintenance, growth, and reproduction... strength |
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| Market position/technology position portfolio | |
| Contribution margin Contribution margin In cost-volume-profit analysis, a form of management accounting, contribution margin is the marginal profit per unit sale. It is a useful quantity in carrying out various calculations, and can be used as a measure of operating leverage... /cost development portfolio |
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| Price/customer satisfaction portfolio | |
| Revenue share/revenue Revenue In business, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, such as the United Kingdom, revenue is referred to as turnover.... portfolio |
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| Spider web diagram | |
Benchmarking software tools
There are a number software tools that allow the support of different kinds of benchmarking typesBenchmarking
Benchmarking is the process of comparing one's business processes and performance metrics to industry bests and/or best practices from other industries. Dimensions typically measured are quality, time and cost...
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| Software | Publisher | Platforms | Notes |
|---|---|---|---|
| GOBENCH | INDEC GmbH & Co. KG | web-based database | The web-based database supports different kinds of benchmarking categories (product, process, competitor / customer, reverse engineering, marketing, patents, technologies, innovations, ...) and allows reams of analysing possibilities |
| Microsoft Excel Microsoft Excel Microsoft Excel is a proprietary commercial spreadsheet application written and distributed by Microsoft for Microsoft Windows and Mac OS X. It features calculation, graphing tools, pivot tables, and a macro programming language called Visual Basic for Applications... |
Microsoft Microsoft Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions... |
Windows / Mac OS X Mac OS X Mac OS X is a series of Unix-based operating systems and graphical user interfaces developed, marketed, and sold by Apple Inc. Since 2002, has been included with all new Macintosh computer systems... |
See also
- BenchmarkingBenchmarkingBenchmarking is the process of comparing one's business processes and performance metrics to industry bests and/or best practices from other industries. Dimensions typically measured are quality, time and cost...
- Best practiceBest practiceA best practice is a method or technique that has consistently shown results superior to those achieved with other means, and that is used as a benchmark...