Define Bench Marking at Benches-Phrase_Fullsearch-Us
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Define Bench Marking. Benchmarking is the practice of a business comparing key metrics of their operations to other similar companies. It is a practice in which quality level is used as a point of reference to evaluate things by making a comparison.
Schematic representation of benchmarking metrics. a from www.researchgate.net
A point of reference from which measurements may be made… This is used to measure the performance of a company and compare it to others over time. In business, benchmarking is a process in which a company compares its products and methods with those of the most successful companies in its field, in order to try to improve its own performance.
Schematic representation of benchmarking metrics. a
Generally, benchmarking is used to ensure that a particular business or a part of its operations is functioning at a level that meets targets set by internal or external best practices. It is a practice in which quality level is used as a point of reference to evaluate things by making a comparison. Something that serves as a standard by which others may be measured or judged; (a) a horizontal mark at the water's edge with reference to which the height of tides and floods may be measured.
