historic, internal and external benchmarking
benchmarking
A benchmark is the result of benchmarking.
benchmarking is aprocess of acquring benchmark
Global Benchmarking Network was created in 1994.
Benchmarking is the process of comparing your procedures with those of other organizations that are considered to be leaders (or benchmarks) in those particular areas. Benchmarking has this meaning through the business world, not just in fire and safety. The purpose of benchmarking is to improve the way your organization does things.
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.
utilizes external comparisons to identify desirable action directions. The purpose is to find out what other people and organizations are doing very well and plan how to incorporate those ideas into one's own operations.
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Benchmarking
Organizations and companies use benchmarking to determine where inputs, processes, outputs, systems, and functions are significantly different from those of competitors or others.
anil kumar saxena ( tau)