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Section

Benchmarking Dashboards give you an independent perspective on how you compare to your peers based on various metrics. You can find these dashboards in the ServiceChannel Benchmarking Dashboards folder under Organization Space

Benchmarking data is refreshed on the second Sunday of every month. If you are new to ServiceChannel (welcome!), your benchmarking data will appear once you have 100 paid / approved invoices in ServiceChannel. Some metrics will not show up until you have a certain amount of those invoice types. For example, trade specific information will not show up until you have 30 invoices of that specific trade. You will see data from the last year (rolling): spend data is based on invoice date and work order and efficiency data is based on work order call date.


The following Benchmarking Dashboards are available:



Section

Benchmarking Data 

Filters

When you first open the dashboards, you will be compared to everyone in ServiceChannel. To gather more meaningful data, use the following filters:

Filter NameRange
Portfolio Size
  • 201 or more
  • 101 to 200
  • 51 to 100
  • 50 or less
Annual Spend per Location
  • Over $30,000
  • $20,001 to $30,000
  • $10,001 to $20,000
  • $5,001 to $10,000
  • $5,000 or less
Industry
  • Commercial Office
  • Convenience Store
  • Financial Services
  • Grocery
  • Health & Fitness
  • Healthcare
  • Platform Service Providers
  • Restaurants
  • Retail
  • Transportation & Logistics
Industry Sector
  • Apparel
  • Automotive
  • Banking
  • Beauty & Cosmetics
  • Brand Corporate
  • Counters & Boutiques
  • Dental
  • Department Store
  • Electronics
  • Full Service
  • Gas Stations
  • Gyms & Fitness Clubs
  • Hardware
  • Home Furnishings
  • Luxury Goods
  • QSR & Limited Service
  • Service Providers
  • Shipping
  • Shoes & Accessories
  • Sports & Hobby
  • Supermarket
Primary Trade (Benchmarking - Primary Trade Dashboard only)
  • Doors
  • Electrical
  • Flooring
  • General Repairs & Maintenance
  • Glass & Mirrors
  • HVAC
  • Kitchen Equipment
  • Lighting
  • Locks & Keys
  • Plumbing
  • Refrigeration
  • Signs & Banners


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Note
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For data to appear using the selected filters, there must be 5 or more peers in that data set to protect privacy. Otherwise, you will get the message too few peers in the place of data.

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Metrics

SpendWork Order Volume, and Efficiency are the benchmark metrics that determine performance.

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Spend

Annual spend per location

Average invoice amount

Maintenance spend %

Repair spend %


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Work order volume

Annual Work Orders per Location

% of Work Orders with Proposals


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Efficiency

Median Work Order Resolution Time

Median Time Waiting for Parts

Median Time for Proposal Submission

Median Time to Approve Proposals





Section

Data Presentation

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The pool of data is divided into four equal groupings and based on the median in order not to skew data with outliers. The 1st and 3rd quartile are presented in the charts.


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Each visualization is shown in order of Lower Quartile (yellow bar is Q1), Your Value (blue bar is your data), and the Upper Quartile (orange bar is Q3). 




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