The benefits of benchmarking

Benchmarking provides a standard against which the price of food and commodities – and the volumes in which they are purchased – can be measured on a like-for-like basis, which means that a company can compare its costs with those of its competitors in the context of the market as a whole.

Long recognised as an invaluable tool for improving service, quality and price within the supply chain, benchmarking provides unique advantages for all food buyers, budget managers, facilities managers and contract managers, enabling them to provide best value while reducing overheads and identifying where savings can be made.