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A measurement of the quality
of an organization's policies, products,
programs, strategies, etc., and their comparison
with standard measurements, or similar
measurements of its peers.
 The objectives of benchmarking are
1. To determine what and where improvements .
2. To analyze how other organizations achieve their high performance
levels.
3. To use this information to improve performance.
Benchmarking is the process of comparing one's
business processes and performance metrics to
industry bests or best practices from other
companies. Dimensions typically measured are
quality, time and cost,
Step 1. Determining Benchmark Focus- During this phase the company
determines the specifics of the research project.
Step 2. Planning and Research- During this phase the company puts the
resources together to implement the project (e.g., develop surveys, seek
cooperation from other companies, find databases already available). y
include in the research, what types metrics they will compare).
Step 3. Gathering Data- During this phase the data is collected through the
methodology determined in the planning and research phase.
Step 4. Analysis- After gathering the data, the company uses statistical
techniques to examine and create the findings.
Step 5. Recommendations- After analyzing the data and areas where the
company can improve, recommendations are developed.
Step 6. Implementation- After reviewing recommendations, the company
implements those that are feasible.
Benchmarking

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Benchmarking

  • 1.
  • 2. A measurement of the quality of an organization's policies, products, programs, strategies, etc., and their comparison with standard measurements, or similar measurements of its peers.
  • 3.  The objectives of benchmarking are 1. To determine what and where improvements . 2. To analyze how other organizations achieve their high performance levels. 3. To use this information to improve performance.
  • 4. Benchmarking is the process of comparing one's business processes and performance metrics to industry bests or best practices from other companies. Dimensions typically measured are quality, time and cost,
  • 5. Step 1. Determining Benchmark Focus- During this phase the company determines the specifics of the research project. Step 2. Planning and Research- During this phase the company puts the resources together to implement the project (e.g., develop surveys, seek cooperation from other companies, find databases already available). y include in the research, what types metrics they will compare).
  • 6. Step 3. Gathering Data- During this phase the data is collected through the methodology determined in the planning and research phase. Step 4. Analysis- After gathering the data, the company uses statistical techniques to examine and create the findings. Step 5. Recommendations- After analyzing the data and areas where the company can improve, recommendations are developed. Step 6. Implementation- After reviewing recommendations, the company implements those that are feasible.