| “TRADE” BENCHMARKING FOR EXCELLENCE METHODOLOGY |
| The TRADE benchmarking methodology is focused on the exchange (or “trade”) of information and best practices to improve the performance of processes, goods and services. |
| TRADE is a five stage benchmarking methodology: |
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T erms of Reference (plan the project) |
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R esearch (research current state) |
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A ct (undertake data collection & analysis) |
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D eploy (communicate & implement best practices) |
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E valuate (evaluate the benchmarking process & outcomes) |
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| Certification |
| Individuals trained in TRADE can advance their knowledge of benchmarking through the accompanying certification scheme - to ensure that benchmarking is applied professionally. |
 Successful participants will be awarded the TRADE Benchmarking Trained Certificate (Bronze) by COER upon completion of the program which leads ultimately to the Trade Benchmarking Mastery Certificate (Gold). |
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| This certification scheme is the first to be offered in benchmarking, and recognises the need to advance the professionalism of this field. |
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