Importance of Benchmarking
Customer Accessibility: Global competition has reduced organizations'
product/service differentiators and led to significantly greater "customer
focus and accessibility". To improve customer experience, comparing data
points within the organization with competition is important to optimize
resources and achieve business goals efficiently. Benchmarking provides
important information to increase customer experience and reduce cost.
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Major Benchmarking and Certification Agencies |
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Purdue University’s Benchmark Portal
Dr Jon Anton, who leads Purdue University’s Center for Customer Driven
Quality, conducted an IBM sponsored research study to create a strong reference
database for customer contact centers in the US. This research was highly
successful and is in its seventh year of data collection. It has 100 data points
covering 56 KPIs in eight categories. The scope includes performance measures,
costs, caller satisfaction, HR, processes and knowledge, outsourcing, facilities
and design. The benchmarking services are now commercially available to contact
centers in the US and India at a very low price point and the research group
boasts of information of more than 6,000 contact centers across the US. These
include several Fortune 500 organizations that use this in addition to
certification. Researchers leverage the findings to study evolution of customer
relationship management as contact centers become mission-critical for
businesses that want to capture and understand the ‘million moments of truth’
experientially gained through intense customer interactions.
COPC
A US-based company which provides certification, benchmarking, training and
performance improvement services which has found acceptability and
respectability of call centers in India. Its area of expertise include
following:
- Audits organizations for compliance to the COPC-2000 Standard
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Conducts benchmark reviews of call centers and
fulfillment centers, using the Standard as the organizing methodology for
the data collected during the course of the review
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Consults with call centers and fulfillment centers on
operational performance improvement
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Consults with purchasers of call center and fulfillment
services on strategic alternatives for outsourcing, including how best to
select and manage suppliers
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Provides industry-wide forums, such as conferences,
workshops, and facilitated user groups, to foster an atmosphere supportive
of high levels of customer service
| Companies that have Obtained
Certification |
| ICICI OneSource: COPC |
| Spectramind:
COPC |
| Talisma:
COPC |
| Transworks: COPC |
|
| Applied |
| Convergys |
| Daksh |
| GTL Limited |
| HCL Infinet |
| Sutherland Technologies Private Ltd |
|
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Customer Lifetime Value: To retain customers and enhance 'customer
lifetime value', organizations invest in the research and analysis of customer
behavior. It becomes important to study competition continuously to drive a
differentiation strategy for retaining customers.
Leveraging Best Practices: Studying competitive best practices brings
tactical efficiency. Benchmarking helps leverage best practices where a lot can
be learnt from the competition-the larger the peer group the better the scope
and examples.
Being Globally Competitive: Benchmarking helps understand how similar
companies compete and differentiate themselves in a particular market space if
the right peer group is chosen.
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