Ignatov & Company Group - Benchmarking - Expense BenchmarkingExpense Benchmarking is a good way to compare your costs with the rivals’ ones or with average by industry. This type of benchmarking refers to a wide range of cost metrics – like prices for raw materials, labor cost, utility expenses, outsourcing fees, etc.

We have large experience in making Expense Benchmarking – as standalone projects and as part of company intelligence and consulting job. We provide Expense Benchmarking services with a wide range of options:

1. By target:
  • Expenses benchmarking
  • Investments benchmarking (i.e. comparison of the investment costs such as purchase of new assets, land, patents, etc.)
  • Expenses structure benchmarking  (i.e. comparison of the percentage held with let’s say labor costs in total expenses) 
  • Incoming prices benchmarking (i.e. comparison of prices paid let’s say for particular raw materials)
2. By expense element:
  • Costs for raw materials (including raw materials price benchmarking)
  • Labor costs (that covers comparison for salaries, remunerations, bonuses, etc.)
  • Utility costs (including utility price benchmarking)
  • Assets depreciation costs
  • Repair and maintenance costs
  • Outsourcing service costs
  • Tax expenses
3. By cost level:
  • Direct costs
  • Indirect costs
  • Manufacturing expenses
  • Marketing and sale expenses
  • Full expenses   
4. By geography:
  • Nationwide single-site expenses (i.e. comparison of costs with let’s say plant A and plant B located in the same country)
  • International single-site expenses (i.e. comparison of costs with let’s say plant A and plant B located in different countries)
  • Nationwide multi-site expenses (i.e. comparison of costs with let’s say company A – that has 3 plants in a particular country – with company B that has 2 plants in the same country)
  • International multi-site expenses (i.e. comparison of costs with let’s say company A – that has 3 plants globally – with company B that has 2 plants in other countries)
5. By time factor:
  • Past costs
  • Current costs
  • Planned and projected costs