Gap Analysis, Benchmarking, and Strategic Planning

A significant tool for strategic planning is Gap Analysis.  The concept is simple; compare your actual performance with your potential performance and that of best in class.  Knowing where you are and where you need to be is the first step in designing how you will get there.  Gap analysis will help your company focus on areas which can be improved.  Gap analysis will quantify the variance between your current performance and that of best in class.  To remain competitive in today’s tough environment, we need to be best in class.  Benchmarking is often used to determine what the competition is doing and where they are relative to your performance, making it a process to help with the gap analysis.  Benchmarking helps us to understand how others achieve what they do better than us.

BPS has a proven gap analysis methodology to help prioritize key elements in the “gap” equation. A method to populate the key business drivers to determine the “gap” for several different comparisons from internal to world class is used.  We can also help you to develop a method of Benchmarking if you need a system to define best in class.

The Gap Analysis is the first step in strategic planning using our proven methodologies of Key Performance Indicators and our unique and highly productive process of Goal Achievement Methodology.  Both of these methods are field tested and proven to bring Results.

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Are you interested in learning more about our unique approach to teaching lean manufacturing and lean office principles to your employees?  Contact us today or fill out our assessment form to tell us how you would like to improve processes and results.