What does benchmarking mean?

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What does benchmarking mean?

2006-10-22 06:24:17 · 2 answers · asked by natalija s 2 in Social Science ➔ Other - Social Science

2 answers

Continuous measurement of a process, product, or service compared to those of the toughest competitor, to those considered industry leaders, or to similar activities in the organization in order to find and implement ways to improve it. This is one of the foundations of both total quality management and continuous quality improvement. Internal benchmarking occurs when similar processes within the same organization are compared. ...

2006-10-22 06:27:54 · answer #1 · answered by nutellafella 1 · 0⤊ 0⤋

determins the performance of a product!

2006-10-22 06:31:43 · answer #2 · answered by Pobept 6 · 0⤊ 0⤋