Definition Dismantling and inspecting a Process whereby the performance of the
competitor’s product to discover business is evaluated in comparison to its product improvements most able rivals. It enables you to identify the root cause of your success gap and take steps to close it. Benefits By implementing new ideas or Benchmarking aids in streamlining the process procedures created especially for their and increasing process efficiency by organizing use, manufacturers can improve their the focus on the external environment. It equipment and procedures through the encourages change by enabling employees to use of reverse engineering. They may be comprehend their performance and how they able to use it to record how equipment's should compare to others in order to succeed. durability, power, and even efficiency can be increased.
Purpose Reverse engineering is a technique used For a thorough improvement process,
to determine how a system or thing benchmarking is a tool for accessing and operates. There are numerous comparing the company’s performance with justifications for doing this. Reverse that of its rivals. engineering can be used to figure out how something operates, then recreate it or make a similar object with improved functionality.
Difference A company decides to Makes better use of similar products
disassemble a product to gather produced by other companies. data for future product Facilitates competitor analysis using a development. particular set of metrics Offers you an in-depth understanding of the product. Makes better use of similar products produced by other companies. Facilitates competitor analysis using a particular set of metrics Process 1. Information Extraction 1. Planning 2. Modeling 2. Collecting Information 3. Designs 3. Data Analysing 4. Review 4. Action 5. Monitoring