Metrics Related Guides
| |
Best in class is a term for the top performing results for a particular metric. The term is used in benchmarking as firms typically compare results to the organization or industry that achieves superior results in a particular area. The following are common examples of best in class.
The brand that achieves the highest top of mind brand recognition in your industry.PerformanceThe production solar panel that achieves the highest conversion efficiency.The model of aircraft with the least hull loss accidents per million flights.The producer with the lowest unit cost in a commodity industry.
ProcessesThe ecommerce company with the fastest order picking turnaround time.The airline with the highest customer satisfaction.The waste sorting robot with the lowest error rate.The city with the best air quality or happiest people.
Data Science
This is the complete list of articles we have written about data science.
If you enjoyed this page, please consider bookmarking Simplicable.
© 2010-2023 Simplicable. All Rights Reserved. Reproduction of materials found on this site, in any form, without explicit permission is prohibited.
View credits & copyrights or citation information for this page.
|
