- benchmark your business with others
The more information we capture within a business the more we should want to know on how we are performing. But why should this be contained to within the confines of data captured by the business alone. The majority of Business Intelligence applications allow you to examine performance data based on silos of data, or data cubes, which deliver powerful results. Now take that a step further and consider the power of sharing aggregated data with a community, or cluster, be it regional or sectoral. With an effective Spend Taxonomy you can compare business intelligence without compromising the competitive advantage your data may contain, and ensure you are comparing to your requirements with information structured to your requirements.
What this provides is a benchmark outside of your business that enables you to assess your performance against a broader spectrum.
delivers a platform and methodology to achieve this and you manage who you share and collaborate with.Delivering a benchmarking environment that empowers individuals to deliver continued improvements to the business over and above expectations set within the business.