Business Analysis and Benchmarking
Self-Assessment Survey for Private Label Manufacturers and Suppliers
Would you like to gain a better insight into your business performance and compare it with your peers in the market?
Every company strives to continually improve. However, it is not always easy to determine areas of success and those in need of improvement. Navigating the competitive business arena and achieving success requires clear reference points. Business benchmarks serve as these guides.
IPLC provides an online platform specifically designed to support private label manufacturers and suppliers in evaluating their operational efficiency through self-assessment.
Drawing upon our expertise in the private label sector, we have identified critical success criteria in key areas such as:
- Commercial strategy
- Market and competition
- Supply chain management
- Company responsiveness
- Customer intimacy
- Employee engagement
- Product quality and safety
- Product innovation
- Procurement
- Production efficiency
- Allocation of resources
- Sustainability
- Compliance and regulation
- Financial performance
In the survey a set of nearly 70 statements is distributed to a targeted group of managers within the company via an online software platform. Each manager is tasked with reviewing these statements individually. This exercise does not take more than 10 minutes of the managers time. The result yields a score for each statement, for each department, and for the company overall. These scores can subsequently be compared against industry averages and benchmarked against sector peers.
Actionable insights are derived from this self-assessment survey and key performance indicators (KPIs) can then be established to guide managerial decision-making.
