5 main pros of using benchmarking clearing house

  • Regis University
  • FINANCE 301
  • Notes
  • ProfLightningBear8992
  • 43
  • 83% (12) 10 out of 12 people found this document helpful

This preview shows page 43 out of 43 pages.

5. Main pros of using Benchmarking Clearing House information to compute variances are: (a) Highlights to New Fashions in a direct way how it may or may not be cost- competitive. (b) Provides a “reality check” to many internal positions about efficiency or effectiveness. Main cons are: (a) New Fashions may not be comparable to companies in the database. (b) Cost data about other companies may not be reliable. (c) Cost of Benchmarking Clearing House reports.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture