Best Practices and Benchmarking – Impact to the Bottom Line
Michael G. Patton
Michael G. Patton, Senior Vice President & General Manager – Consulting Services, FacilityPro, Dublin, Ohio 43016 (614) 798-0336, firstname.lastname@example.org
88th Annual International Conference Proceedings - 2003 - Nashville, TN
Best Practices and Benchmarking are two of the most commonly mentioned terms in our profession. However, few organizations effectively use these concepts to advance the mission of all supply chain management professionals, which is to directly contribute to all components of spend within their organization and apply those strategies and tools to that spend outside of their domain. Today, most organizations fail to recognize how these two concepts can bring significant bottom line impact to their organizations, as management has not been convinced of the benefit to the bottom line. This presentation details how to develop and implement a best practices program and the benefits that will be derived from it.