Benchmarking is the process of comparing your own performance with others to identify areas for improvement. It can be done by comparing the products and services you already have to those offered in the various contracts available through EduBuy.
By comparing offers you will quickly be able to identify where savings can be made and which options offer you the best value.
Benchmarking and purchasing reviews should be carried out regularly, as new arrangements and frameworks become available on a regular basis. What was best value previously may not be the same today.
A word of advice – you should be careful to ensure that you are making like for like comparisons (sometimes this may not be possible). The EduBuy partners may have different frameworks which appear to offer the same products and services so you may need to check the detail to identify which offers the best solution for you.
The Department for Education has provided some useful guidance on benchmarking here.