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Benchmarking.

(@Anonymous)
New Member

1. What is benchmarking?How to identify competitors.
2. How to check why are the competitors better than me?

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Topic starter Posted : 14/05/2010 5:59 am
(@Anonymous)
New Member

Re: Benchmarking.

Benchmarking should not be considered a one-off exercise. To be effective, it must become an ongoing, integral part of an ongoing improvement process with the goal of keeping abreast of ever-improving best practice.

Benchmarking is the process of identifying "best practice" in relation to both products (including) and the processes by which those products are created and delivered. The search for "best practice" can taker place both inside a particular industry, and also in other industries (for example - are there lessons to be learned from other industries?).

The objective of benchmarking is to understand and evaluate the current position of a business or organisation in relation to "best practice" and to identify areas and means of performance improvement.

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Posted : 23/06/2010 11:04 am
(@Anonymous)
New Member

Re: Benchmarking.

In this Process we can measure an organization's internal processes then identifying, and adapting outstanding practices from other organizations to become best in the Particular field.

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Posted : 06/09/2012 11:21 am
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