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90-minute live streaming program
  • July 30
  • 1:00 - 2:30 pm EST

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Audio & Reference Manual
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How Benchmarking Can Give You A Competitive Edge

July 30

Enable stronger decision-making and raise aspiration levels at your organization by learning the best techniques for benchmarking industry competitors.

Benchmarking is gathering data and insights that enable stronger decision-making and operational control within an organization. It can be done both internally across a large organization as well as externally to gain visibility into what others are doing and their resulting performance. Benchmarking is an important tool for any organization as they manage evolving strategies, growth and change that is always around us.

Benchmarking mirrors the continuous improvement efforts that may already exist in an organization. It helps blend continuous improvement and breakthrough improvement into a single change management system. While benchmarking readily integrates with strategic initiatives such as continuous improvement, re-engineering, and total quality management, it also delivers value to the organization on its own as a discrete process providing those insights that enable stronger management.

When an organization begins a benchmarking initiative, a common mistake is to limit the benchmarking activity to industry peers. Benchmarking industry peers are essential; however, most organizations already have a good idea how their industry performs. Looking beyond your peers, competitors and industry opens up insights that can identify opportunities to gain the important edge. For breakthrough improvement, it is imperative to learn from other industries performing a similar process successfully. Learning from other organizations and using their successfully demonstrated practices, ideas, and insights reduces costs and cycle time and ultimately provides a competitive advantage in the marketplace.

Learning Objectives

- You will be able to discuss alignment of benchmarking to strategic goals and objectives.

- You will be able to describe a four-phase model for benchmarking.

- You will be able to explain benchmarking within your organization.

- You will be able to recognize the best techniques for benchmarking to fit your needs.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Determining What and When to Benchmark
  • Types of Benchmarking
  • Determine Your Information Needs
  • Aligning to Strategies and Objectives
Planning Your Benchmarking Efforts
  • Scope the Effort
  • Select Approach
Collecting Benchmarks
  • Prepare for Collection
  • Collect the Data
Analyzing Benchmark Data
  • Validate the Data
  • Analyze for Trends and Gaps
Adapting and Improving
  • Identify and Select Improvements
  • Link to Real-Time Controls
  • Evaluate Impact
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Live Webinar Registration

  • IAAP 1.5
     
  • This course has been preapproved by the International Association of Administrative professionals for 1.5 recertification point(s).
     
  • CPE 1.8 including Management Services 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Management Services for 1.8 hours. Prerequisite: basic knowledge of business financials. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Advisory Services for 1.5 hours.
     

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • GA CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Who should attend?

This live webinar is designed for accountants, controllers, presidents, vice presidents, CFOs, tax managers, financial analysts, cash managers, business owners and managers, supervisors, directors, associates, treasurers and administrative assistants.

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Can't Attend?

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Jeffery Varney, PMI PMP

Jeffery Varney, PMI PMP

American Productivity Quality Company

  • Director, Advisory Services and Business Excellence Practice Lead at American Productivity Quality Company (APQC)
  • Technical author for PAS7070:2016, Benchmarking Process Management Specification
  • Coordinates research, training and consultative efforts across process, quality, performance measurement, project management and change
  • Conduct regular trainings, workshops and webinars on all business excellence topics and knowledge management
  • PMI PMP
  • Can be contacted at 713-685-7253, jvarney@apqc.org, http://www.apqc.org/jeff-varney-pmp or www.linkedin.com/in/jcvarney
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Can't Attend?

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

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  • State Specific Credit Tracker
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Product ID: 404172
Published 2014, 2017, 2018
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