The comparison of results with a competitor or industry best practice.
Identifying competitive advantages and disadvantages.
What is Benchmarking?
John Spacey, updated on December 01, 2016
Benchmarking is the comparison of your processes, metrics or targets to others in the same industry. In many cases, a comparison is made to the best results in an industry as represented by a top competitor or known best practices.
ManagementThis is the complete list of articles we have written about management.
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A list of management accounting examples.
A management approach that examines the constraints that are holding an organization back.
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An overview of takt time with calculation formula and example.
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A definition of complexity cost with examples.
The definition of run rate with calculation examples.
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The common types of internal benchmarking.
A definition of internal customer with examples.
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A definition of management with examples.
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