Benchmarking Vs. Analytics For Peers And Third-Party Services
On March 9, 2021 In Thought Leadership
Companies typically help inform decisions regarding peer group performance and best practices by conducting benchmarking activities. They also use benchmarking to ensure they do not overpay their third-party service providers where they have longstanding relationships. However, it is increasingly apparent that benchmarking has many limitations. Consequently, leading companies address these issues through applying dynamic analytics on a continuing basis to these best practice and pricing issues.
