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A benchmark is the minimum level of quality a product must reach. Any product falling below the benchmark is considered to be of poorer quality.

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9y ago

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How might the benchmarking and quality circles inprove quality?

for eg: for a product required by a customer, the benchmarking will be done by the customer. it means the product is of good quality which the customer was expecting. Benchmarking means the product has relative performance which is expected.


Benchmarking is the process of comparing business processes and outcomes to an industry standard or best practice?

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How do you draw a benchmarking as a business processes and performance metric to compare your company to the best practices used by other companies?

Here is a potentially useful article for how to use benchmarking as a business tool. Benchmarking requires you to be very specific in what you plan to assess. It also means being or becoming aware of what other companies do, along with your own business' goals and standards. You might want to read information on the SCOREwebsite also if you are a small business; they offer mentors and reading materials. Lastly, check online for "benchmarking business tools" to get examples of what to measure in your business.


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