Manufacturing companies are compelled to develop and bring new, innovative products to market faster and faster in volatile markets and under rising cost pressure. Keeping and sharpening a company’s competitive edge requires optimizing costs right from the inception phase: Benchmarking helps companies evaluate their own products and services early on and simulate scenarios well ahead of time.
The prerequisite for the success of any benchmarking, however, is a database containing valid benchmark data. Cost management systems are a good resource for this as they already contain reliable benchmark data that is ready for immediate use. Especially EPC systems, which ideally integrate current, independent benchmark data for purchasing, development, production, sales, controlling and management. The advantage: The benchmarking process is optimally incorporated into proactive cost management.
Companies that want to look at their costs in a proactive and holistic way should use the benchmarking approach in different company divisions and processes.
In this white paper you learn...
- requirements of benchmarking
- benchmarking in practice
- target costing for product cost optimization
- location comparisons and relocation
- benchmark analysis to sharpen a company‘s competitive edge
To access the free white paper, please complete and submit the form on this page. The PDF will then open in your browser.
