Meaning Benchmarking
What does Benchmarking mean? Here you find 73 meanings of the word Benchmarking. You can also add a definition of Benchmarking yourself

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Benchmarking


A technique in which a company measures its performance against that of best in class companies, determines how those companies achieved their performance levels and uses the information to improve it [..]
Source: asq.org

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Benchmarking


A systematic approach to comparing enterprise performance against peers and competitors in an effort to learn the best ways of conducting business. Scope Notes: Examples include benchmarking of qualit [..]
Source: isaca.org

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Benchmarking


Benchmarking refers to the case where there are two sources of data for the same target variable, with different frequencies, and is concerned with correcting inconsistencies between the different est [..]
Source: stats.oecd.org

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Benchmarking


The use of performance or profiles as standards for measuring one’s own performance.
Source: hrinz.org.nz (offline)

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Benchmarking


The act of comparing a measurement to a standard. It shows you where you are and helps you decide where you want to go.
Source: irmi.com

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Benchmarking


A point of reference for measurement, often against other companies.
Source: ama.org (offline)

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Benchmarking


A technique using specific standards to make comparisons between different organizations or different segments of the organizations, with the intent of improving a product or service.
Source: hrmarketer.com

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Benchmarking


The process of comparing performance against the practices of other leading companies for the purpose of improving performance. Companies also benchmark internally by tracking and comparing current pe [..]
Source: inboundlogistics.com

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Benchmarking


Benchmarking is defined as the comparison between vendor performance and designated benchmark organizations or indexes. An index is a publicly available indicator for a factor that is associated with [..]
Source: gartner.com

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Benchmarking


The process of seeking to improve quality by comparing one´s own products or services with the best products or services of others. [GB]
Source: jyu.fi

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Benchmarking


The search for industry best practices that lead to superior performance. [D04919]
Source: maxwideman.com

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Benchmarking


Benchmarking in procurement terms can have two specific applications.  The first type, price benchmarking involves the determination of whether commercial terms currently offered or enjoyed represent [..]
Source: cips.org

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Benchmarking


A continuous process of measuring quality or performance against the highest standards. See also benchmark
Source: health.gov.au

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Benchmarking


Definition see benchmark.
Source: investorwords.com

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Benchmarking


The process by which an organization seeks to identify top performing organizations and analyzes their strategies, policies and practices for the purpose of learning some or all of them.
Source: erieri.com

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Benchmarking


A systematic procedure of comparing a company’s practices against the best practice and modifying actual knowledge to achieve superior performance.
Source: eximguru.com

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Benchmarking


Comparison of processes and performance to best practice and performance of others in the higher education sector or elsewhere with the object of improving the University... processes and performance.
Source: deakin.edu.au (offline)

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Benchmarking


The comparison of current operating practices to internal or external company practices, industry best practices, and regulatory standards.
Source: aiche.org

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Benchmarking


The process for identifying standards to use in comparison of practices, activities, institutions or equipment; standards my be used to identify minimal levels or for determining relative performances [..]
Source: teach-nology.com

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Benchmarking


The process of comparing your organization's policies, practices, and results, to an external organization's policies, practices and results, for the purposes of discovering opportunities for improvement, and/or realistic performance goals. The more similar the external company is to your organization, the more relevant the benchmark find [..]
Source: erpfocus.com (offline)

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Benchmarking


Process of comparing performance and activities among similar organizations either against an agreed standard or against those that are recognized as being among the best Benchmarks:
Source: gdrc.org

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Benchmarking


A set of techniques for assessing the performance of a software tool.
Source: elixir-node.cbs.dtu.dk

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Benchmarking


The process of comparing performance against the practices of other leading companies for the purpose of improving performance. Companies also benchmark internally by tracking and comparing current pe [..]
Source: logisuite.com

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Benchmarking


comparing your hotel against competitors. This could include benchmarking by product/service, room rate, quality etc.
Source: hotelspeak.com

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Benchmarking


Part of Usage Statistics. The benchmarking function allows libraries to compare their usage statistics with those of other libraries to gauge the value of their databases.
Source: knowledge.exlibrisgroup.com

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Benchmarking


Term used to refer to the measurement of the quality of an organization's policies, best practices, products or services, strategies, etc., and their comparison with standard measurements or thos [..]
Source: eventplannerspain.com

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Benchmarking


Act of establishing a standard by which to judge or measure something.
Source: eventplannerspain.com

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Benchmarking


A technique whereby the best practices and/or achievements in the most successful companies or organisations are used by others in the same sector to measure their own performance and to identify area [..]
Source: steelbb.com

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Benchmarking


Formal programs that compare a plant’s practices and performance results against “best-in-class” competitors or against similar operations.
Source: manufacturing.gov (offline)

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Benchmarking


the process of comparing performance with other organizations, identifying comparatively high performance organizations, and learning what it is they do that allows them to achieve that high level of performance. 
Source: maintenanceresources.com (offline)

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Benchmarking


The continuous, systematic search for, and implementation of, better practices that lead to improved performance
Source: idcon.com

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Benchmarking


The process of comparing a particular company with a group of "benchmark" companies.
Source: swlearning.com

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Benchmarking


This means measuring how well one country, business, industry, etc. is performing compared to other countries, businesses, industries, and so on. The 'benchmark' is the standard by which performance will be judged. Benchmarking is one of the techniques used in the 'Lisbon process'.
Source: avrupa.info.tr (offline)

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Benchmarking


Benchmarking is a management technique aimed at detecting "best practice" in other organizations and then adopting it in one's own.
Source: definitions.uslegal.com

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Benchmarking


These IPv6 addresses are reserved for use in documentation. They should not be used as source or destination addresses.
Source: apnic.net

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Benchmarking


benchmarking is recognised as a means by which an entity can: demonstrate accountability to stakeholders; improve networking and collaborative relationships; generate management information; develop an increased understanding of practice, process or performance; and garner insights into how improvements might be made. For example, in the context of [..]
Source: teqsa.gov.au (offline)

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Benchmarking


The process of comparing academic standards in one course with the following academic standards applied: In the same course at different times In different courses in the same institution Similar co [..]
Source: anu.edu.au

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Benchmarking


Comparing a company's costs, labor, performance and operating practices against the best levels of performance found outside the company.
Source: price-electric.com (offline)

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Benchmarking


A process through which practices are analysed to provide a standard measurement ('benchmark') of effective performance within an organisation (such as a university). Benchmarks are also used to compare performance with other organisations and other sectors.
Source: hefce.ac.uk (offline)

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Benchmarking


A process through which practices are analysed to provide a standard measurement ('benchmark') of effective performance within an organisation (such as a university). Benchmarks are also used to compare performance with other organisations and other sectors.
Source: sfc.ac.uk (offline)

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Benchmarking

Source: workfamily.sas.upenn.edu (offline)

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Benchmarking


Continuous, systematic process for evaluating products, services, or work processes of programs or organizations for the purpose of improvement. (PA WIN)
Source: worklink.coe.utk.edu (offline)

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Benchmarking


This involves the comparison of performance of one organisation with other organisations. Performance is measured according to specified definitions and standards in order that the data is directly co [..]
Source: fleetnews.co.uk

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Benchmarking


We use varied software benchmark tools to gauge the various performance aspects of each device we review. You can usually find a dedicated performance article in all the review articles we publish. To [..]
Source: gsmarena.com

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Benchmarking


Method of measuring performance against established standards of best practice.
Source: online-medical-dictionary.org

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Benchmarking


In technology management, benchmarking is a method for comparing methods, products, processes and sequences with those of other market participants (particularly leading companies in the sector, for e [..]
Source: glossar.item24.com

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Benchmarking


A management tool for comparing performance against an organization that is widely regarded as outstanding in one or more areas, in order to improve performance.
Source: vpa.org.vn

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Benchmarking


The measurement and comparison with a standard or others of efforts and results in the business process for e.g. input, output, reliability, quality and customer satisfaction.
Source: iss-marineacademy.com (offline)

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Benchmarking


Method of measuring performance against established standards of best practice.
Source: medicaldictionaryweb.com

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Benchmarking


 The process of comparing performance and processes within an industry to assess relative position against either a set industry standard or against those who are “best in class” (Synergy, 2000).
Source: visitarizona.com (offline)

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Benchmarking


The process of comparing to established "best practices," peer organizations or even past results in order to better understand strengths, challenges and progress made.
Source: ethics.org (offline)

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Benchmarking


Benchmarking refers to testing a product or service against a reference point to quantify how much better or worse it is compared to other products. Benchmarking is the standard way of comparing one p [..]
Source: techopedia.com

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Benchmarking


The processes of re-estimating statistics as more complete data become available. Estimates are usually calculated using only a sample of the universe (total count). Therefore, benchmarking allows for [..]
Source: hoosierdata.in.gov

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Benchmarking


A process an agency uses to gather and compare information about the productivity and performance of other similar agencies with its own information. The purpose of benchmarking is to identify best pr [..]
Source: owp.csus.edu

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Benchmarking


 the process of comparing the returns of a portfolio against a group of its peers.
Source: pitchbook.com

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Benchmarking


Formal programs that compare a plant's practices and performance results against "best-in-class" competitors or against similar operations.
Source: industryweek.com

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Benchmarking


Benchmarking is a comparison of specific process parameters within a company or between competing companies. The focus is on functional and process areas. Aspects considered include costs, performance, customer satisfaction and organizational structures. As a rule, the key indicators of the best competitor are used as a yardstick.
Source: dpdhl.com (offline)

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Benchmarking


, Formal process of evaluating a company's performance by comparison with its peers and competitors in the industry.
Source: covalentworks.com (offline)

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Benchmarking


Occurs when the retailer sets its own standards and measures performance based on the achievements of its sector of retailing, specific competitors, high-performance firms, and/or the prior actions of the company itself.
Source: prenhall.com (offline)

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Benchmarking


Measuring performance against that of best in class companies, determining how the best-in-class achieve those performance levels and using this information as a basis for your own company’s targets, [..]
Source: corporatetravel.id

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Benchmarking


Process of comparing performance and activities among similar organizations either against an agreed standard or against those that are recognized as being among the best
Source: corporatetravel.id

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Benchmarking


A method of identifying the level of performance that can be related to specific outcomes of a particular procedure, intervention, or process. The goal is to identify “best practices.” Benchmarking is frequently used as a quality improvement (QI) initiative.
Source: amcp.org (offline)

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Benchmarking


  Measuring performance against that of best in class companies, determining how the best-in-class achieve those performance levels and using this information as a basis for your own company's targets, strategies and implementation (Pryor, 1989).  
Source: tourism-nigeria.org (offline)

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Benchmarking


  Process of comparing performance and activities among similar organizations either against an agreed standard or against those that are recognized as being among the best  
Source: tourism-nigeria.org (offline)

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Benchmarking


The process of comparing performance against the practices of other leading companies for the purpose of improving performance. Companies also benchmark internally by tracking and comparing current performance with past performance. Benchmarking ks to improve any given business process by exploiting "best practices" rather than merely mea [..]
Source: scsolutionsinc.com (offline)

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Benchmarking


 A performance standard against which operating performance is measured, which is used to identify performance improvements and best practices in an industry.best food day:
Source: retailvelocity.com

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Benchmarking


The process of comparing performance against the practices of other leading companies for the purpose of improving performance. Companies also benchmark internally by tracking and comparing current performance with past performance.
Source: tandemlogistics.com (offline)

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Benchmarking


Comparing your organisation’s performance against other sources of data, such as statistics on the local population or information about other organisations’ practice.
Source: ehrf.org.uk

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Benchmarking


Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. Dimensions typically measured are quality, time and cost [..]
Source: en.wikipedia.org

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Benchmarking


Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. Dimensions typically measured are quality, time and cost [..]
Source: en.wikipedia.org

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Benchmarking


Benchmarking, also known as benchmark hunting, is a hobby activity in which participants find benchmarks (also known as survey markers or geodetic control points). Technically, the term "bench mark" i [..]
Source: en.wikipedia.org

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Benchmarking


Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. Dimensions typically measured are quality, time and cost [..]
Source: en.wikipedia.org

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Benchmarking


Benchmarking: An International Journal is a bimonthly peer-reviewed academic journal that publishes covers the field of quality management. The editor-in-chief is Angappa Gunasekaran (Dean and Profess [..]
Source: en.wikipedia.org





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