Benchmarking

Benchmarking (also known as "best-practice benchmarking" or "process benchmarking") is a process used in management and particularly strategic management, in which organizations evaluate various aspects of their processes in relation to best practice, usually within their own sector. This then allows organizations to develop plans on how to adopt such best practice, usually with the aim of increasing some aspect of performance. Benchmarking, sometimes a one-off event, is often treated as a continuous process in which organizations continually seek to challenge their practices.

AHRMM supports benchmarking in the healthcare supply chain. The links below offer information on the initiatives AHRMM has recently taken to implement benchmarking practices in the field.

SCMetrix™ - AHRMM and ASU Online Benchmarking Tool

Expense Definition List of Items

Healthcare Supply Expense Definition