What is Benchmarking?


Benchmarking is the practice of comparing business procedures and performance indicators against competitors or industry standards. It enables an organization to continuously improve its products and processes by gathering data on best practices, assessing the current situation of the organization, and creating an action plan to reach future goals. Common benchmarking metrics include time, cost, and quality of products or services.

Got questions?

Ask our consultants today—we’re excited to assist you!

TALK TO US

  • A
  • B
  • C
  • D
  • E
  • F
  • G
  • H
  • I
  • J
  • K
  • L
  • M
  • N
  • O
  • P
  • Q
  • R
  • S
  • T
  • U
  • V
  • W
  • X
  • Y
  • Z