Society for Inventory Management Benchmarking Analysis™ brings together a variety of business to consumer companies for the purpose of process improvement and identification of "Best Practice" companies through benchmarking.

 Performance Data

Performance statistics help companies determine where they stand vs. similarly situated organizations. The Society for Inventory Management Benchmarking Analysis™ will gather data in the form of group studies on behalf of participants.

Process Data

Process findings help companies determine leading edge practices in inventory management performance.

Mission

Society for Inventory Management Benchmarking Analysis (SIMBA™) is forming an association of inventory management professionals to compare operating performance and identify the best business practices.

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Objectives

• To conduct benchmarking studies of important business processes.
• To create a cooperative environment where full understanding of the performance and enablers of "best in class" business processes can be obtained and shared at reasonable cost.
• To use the efficiency of the association to obtain process performance data and related best practices from group of companies.
• To support the use of benchmarking to facilitate process improvement and the achievement of total quality.
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Membership

Basic membership in Society for Inventory Management Benchmarking Analysis is available to employees of corporations that manage inventory. Basic membership is currently available at no charge to qualified individuals. Participation in association activities will be charged separately.

• The scope of SIMBA™ membership includes inventory management professionals.
  
• Company membership will be considered with respect to compliance with SIMBA™ mission, goals and operating guidelines, as well as qualification of the organization within the scope of membership.
• Participation in specific efforts will be optional and open only to members with costs shared by the participants.
  
• We reserve the right to review membership applications and to make the final decision whether or not to accept any application. Consulting firms are ineligible for membership
  

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Benefits of Membership

Studies:

SIMBA™ will identify and present to members opportunities to participate in Benchmarking studies on various topics addressing issues of importance to the knowledge management community.

There are two types of Benchmarking studies provided:

• Consortium studies are offered to the membership as a whole with costs divided.
• Single company sponsored studies addressing the interest of one member company can be offered to other selected members for no fee.

The association will also support inventory management benchmarking efforts:

 

Roundtables:

Interest group roundtables will be organized throughout the year. Members will pay a nominal fee to join real and virtual roundtable discussions that address specific knowledge management processes.

 

Cost:

Currently, membership in SIMBA™ is FREE! Costs of studies are shared by the participants.
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