Benchmarking

A systematic process of continuously measuring an organization's critical business processes against business leaders anywhere in the world to gain information which will help the organization take action to improve its performance. Steps include Planning the Study, Collecting Information, Analyzing Results, Implementing Improvements.

benchmarking

A performance standard against which operating performance is measured, which is used to identify performance improvements and best practices in an industry.
Found on http://www.encyclo.co.uk/local/20108

Benchmarking

A method used by public sector organisations, charities and private companies for gauging their performance by comparing it to the performance of other organisations, typically of a similar size. The government encourages public sector bodies to compare their score on various published performance indicators as way of improving public services. Man...
Found on http://society.guardian.co.uk/glossary/page/0,,646470,00.html

Benchmarking

The continuous process of measuring companies in similar service areas against strong competitors or recognised industry leaders. Benchmarking is used by regulators to improve performance and can be applied to all facets of operation. It requires a measurement mechanism so that the performance gap can be identified.
Found on http://www.encyclo.co.uk/local/20453

Benchmarking

The process of comparison of performance between business units, companies, sectors etc in order to establish change.
Found on http://www.encyclo.co.uk/local/20468

Benchmarking

involves comparing the measures in your organisation for certain factors with those in a similar organisation as a way to set and understand your own standards
Found on http://www.epaw.co.uk/EPT/glossary.html

Benchmarking

Benchmarking is the term given to the process of measuring standards of actual performance against those achieved by others with broadly similar characteristics.
Found on http://www.encyclo.co.uk/local/20809

benchmarking

Method of measuring performance against established standards of best practice. ... (12 Dec 1998) ...
Found on http://www.encyclo.co.uk/local/20973

Benchmarking

The practice of one company identifying the leading company in its particular industry. It then sets out to measure its own performance in comparison with the market leader and undertakes to take action to narrow the gap in terms of its own performance. It allows firms to find and adopt best practice. :: NDP (9th Edition) :: InterTradeIreland (8t...
Found on http://www.encyclo.co.uk/local/20977

benchmarking

Type: Term Pronunciation: bench′mark-ing Definitions: 1. Comparison of a person's laboratory results with that of other organizations using defined system processes.
Found on http://www.medilexicon.com/medicaldictionary.php?t=9927

Benchmarking

A measurement process that establishes goals, operating targets and production expectations and can be used for comparison in an effort to achieve maximum efficiency of operation, i.e job evaluation, rating of performance, cost estimating and standards.
Found on http://www.mhia.org/learning/glossary/b

Benchmarking

A way of comparing a particular process and outcomes in one organisation with another organisation. Each organisation can then examine and change their own processes to achieve better outcomes.
Found on http://www.encyclo.co.uk/local/21465

Benchmarking

[geolocating] 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` is only used to refer to survey markers that designate a certain elevation, but hobbyists often use the term benchmarks to includ...
Found on http://en.wikipedia.org/wiki/Benchmarking_(geolocating)

Benchmarking

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. In the process of best practice benchmarking, management identifies the best firms in their industry, or in another industry where similar pro....
Found on http://en.wikipedia.org/wiki/Benchmarking

Benchmarking

The systematic process of comparing an organization
Found on http://www.encyclo.co.uk/local/22403

Benchmarking

A method of planning and implementing quality management programs that consists of identifying the best practices and best outcomes for a specific process and emulating the best practices to equal or surpass the best outcomes.
Found on http://www.bcbs.com/glossary/

benchmarking

The first step in process optimization is benchmarking. By measuring performance at various stages of drug discovery and development, from individual tasks to programs, benchmarking can help identify processes that are not functioning as intended. It enables companies to pinpoint unwanted delays between processes and evaluate the effectiveness of n...
Found on http://www.genomicglossaries.com/content/business_glossary.asp

benchmarking

The Best Management Practice portfolio is owned by the Cabinet Office, part of HM Government.
Found on http://exin.vanharen.net/Player/eKnowledge/itildutchglossary.pdf
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