Examples for Competative and Strategic Benchmarking

Wikipedia is sustained by people like you. Please give today. Benchmarking From Wikipedia, the free encyclopedia This article may require cleanup to suitable Wikipedias fictitious character standards. Please improve this article if you can. (April 2007) This article is closely the fear landmark. For the geolocating activity, see Benchmarking (geolocating). For other uses of the term, see Benchmark. Benchmarking is the process of compare the business processes and performance metrics including cost, beat time, productivity, or quality to another that is widely considered to be an industry standard bench mark or best approach pattern. Essentially, benchmarking provides a snapshot of the performance of your business and helps you understand where you are in relation to a situation standard. The result is oft a business case and suntan Platform for making changes in order to make improvements. The term benchmarking was first used by cobblers to measure ones feet for shoes. They would place the piece on a bench and mark to make the expression for the shoes.

Benchmarking is most used to measure performance using a specific indicator (cost per whole of measure, productivity per unit of measure, cycle time of x per unit of measure or defects per unit of measure) resulting in a metric of performance that is then compared to others. as well as referred to as best practice benchmarking or process benchmarking, it is a process used in management and particularly strategic management, in which organizations evaluate various aspects of their processes in relation to [[best practice companies processes, usually within a peer group outlined for the purposes of comparison. This then allows organizations to develop plans on how to make improvements or conform specific best practices, usually with the aim of increasing almost aspect of performance. Benchmarking may be a one-off event, but is often treated as a continuous process in which organizations continually seek to improve their practices.... If you want to get a full essay, order it on our website: Ordercustompaper.com

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