IOM launches new benchmarking scheme for manufacturers
08 June 2012
Following calls from members for a manufacturing sector benchmarking scheme, the Institute of Operations Management (IOM) has launched the Promark Benchmarking Club. The new facility was unveiled to IOM members attending an event at Rolls-Royce's Derby plant at the end of May, where managers described the numerous benefits of participation in the benchmarking process.
Promark has grown out of the logistics industry benchmarking scheme Logmark, founded in 2002 and now facilitated by The Chartered Institute of Logistics and Transport(UK). Whilst members of IOM recognised and valued the facilities available from Logmark, Promark has been designed to produce comparative benchmarking facilities specific to the manufacturing process.
Founding members of Promark - Selex Galileo and Rolls-Royce - played an important role in the development and launch of Promark and are key members of the Promark's Steering Group.
Scott Hardy, Chairman of the CILT Benchmarking Forum told fifty delegates attending the Promark launch event that: "If you don't measure it, you can't manage it." The new scheme will have at its heart a key questionnaire which will be based on the IOM's Body of Knowledge framework.
Participants will provide data and information on eight core subjects - strategy; resource management; business excellence; customer focus; supply chain and inventory management; enterprise planning; manufacturing planning; and added value.
Promark is still in the development process and IOM hopes to hear from possible participants who may wish to influence the construction of the questionnaire itself and on the entire 'club' concept of both benchmarking and the networking opportunities which it generates.
IOM Manager Leonie Edwards said: "I have been delighted by both the attendance at this launch and by the enthusiasm which has greeted the scheme within our sector. It is already clear that Promark has enormous potential to provide a valuable management aid to our members and to the manufacturing industry at large.
"I am hopeful that as the scheme grows in size and membership then so will its influence for the promotion of best practice, efficiency and continuous improvement. Smart managers will benefit from getting involved with Promark as quickly as possible and I urge them to join us without delay."
For further information on Promark, or to contribute to the design and construction of the Promark questionnaire, contact Nicola Keane at email@example.com