benchmarking


benchmarking
See benchmark (2)

* * *

benchmark benchmark 2 verb [transitive] COMMERCE
to use a company's good performance as a standard by which to judge the performance of other companies of the same type:
benchmark somebody/​something against something

• British Steel have benchmarked themselves against the best operations anywhere in the world.

— benchmarking noun [uncountable] :

• Mr O'Neill, a newcomer to the industry, heeds theories of cost control and benchmarking against other industries.

* * *

benchmarking UK US /ˈbenʃˌmɑːkɪŋ/ US  /-ˌmɑːr-/ noun [U]
the act of measuring the quality of something by comparing it with something else of an accepted standard: »

Without government benchmarking, customers can’t be sure of the truth of a business’s claims to being environmentally-friendly.

the use of something as a standard in order to improve your own work, products, or processes: »

Benchmarking will make greater improvements in the company’s services.


Financial and business terms. 2012.

Look at other dictionaries:

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  • benchmarking — The comparison of practice in other organisations against one s own organisation in order to identify areas for improvement. + benchmarking a procedure for testing whether the standard and price of services is consistent with the market standard… …   Law dictionary

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  • Benchmarking — Le benchmarking (en français référenciation, étalonnage ou parangonnage[1]) est une technique de marketing (mercatique) ou de gestion de la qualité qui consiste à étudier et analyser les techniques de gestion, les modes d organisation des autres… …   Wikipédia en Français

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  • benchmarking — A technique for measuring an organization s products, services, or activities against other best performing organizations. Benchmarking is a continuous process and helps an organization focus on being competitive. Most of the early work in this… …   Accounting dictionary

  • Benchmarking — Bench|mar|king , das; s [engl. benchmarking, zu: to benchmark = Maßstäbe setzen] (bes. Wirtsch.): Vergleich von Herstellungsprozessen, Managementpraktiken u. Produkten od. Dienstleistungen, um Leistungsdefizite aufzudecken. * * * Benchmarking   [ …   Universal-Lexikon

  • benchmarking — The comparison of data or operations against those of similar organizations. Benchmarking, whether *quantitative or *qualitative, is often performed with the intention of seeking ways to improve an organization’s operations. Auditors also… …   Auditor's dictionary


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