Some companies just adopt one, and others customize one to fit their specialized needs. Insist on strict adherence to the code of conduct. The Benchmarking Code of Conduct was developed by APQC's International Benchmarking Clearinghouse and has become a de facto standard utilized by virtually all benchmarkers worldwide. The code minimizes the risk and establishes the protocol for organizations that share intellectual property. Insist on utilizing a systematic process classification framework.
Processes can mean different things to different participants.
APQC's Process Classification Framework provides a common basis for discussing, studying, and modifying business processes. Focus initial efforts on critical business issues that have high payoff and are aligned with organization values and strategy. An organization can only invest in and support a finite amount of change at any one time. Evaluate the potential ROI in order to focus energies on projects most likely to improve long-term organizational capabilities. Benchmarking is more likely to generate paybacks when it is driven by strategic objectives.