Industrial Benchmarking through ORM Partners
Benchmarking is a powerful tool for understanding the competitiveness of your corporation’s contracts and supporting contract management. ORM Partners will ensure that your business uses only the most robust practices by applying our benchmarking solutions to your business.
Our benchmarking objectives include:
- Evaluating the competitiveness of industrial pricing at multiple companies
- Creating actionable insights and guidelines to enhance contract management, development of contracting strategies and support negotiations
Deliverables:
- Create a fit for purpose tool for annual update for use in:
- Contract management — Scorecard KPI of price versus benchmark
- Cost modelling to support contract renewals
Our versatile scope of work can benchmark any number of items and contracts. All data provided is standardized to ensure consistency and we assess a number of key data points, viewing benchmarking relative to market price.