WHAT IS BENCHMARKING ?

Benchmarking is a systematic and continious process by which measuring and

comparing a firm’s business process against process leaders anywhere in the world
to gain information which will help the organisation to take action to improve its
perfomance.
 FEATURES OF BENCHMARKING

• Identify the best perfomances

• Gaap measurement
• Improvement potemtial
• Best practices
• Consensus building
• Implementation
 FEATURES OF BENCHMARKING

A benchmarking is an organized for its exemplary operational perfomance.

There are many benchmarking in the world including
 TYPES OF BENCHMARKING

Internal External Competitive

Benchmarking Benchmarking Benchmarking

Performance Process
Benchmarking Benchmarking
 ADVANTAGES

 Product & process improvement

 Time & cost reduction
 Continious improvement
 Promote competitive analysis
 DISADVANTAGES

 What is best for someone else may not suit you

 Poorly defined benchmarks may lead to wasted effort and meaningless results
 Incorrect comparisions
 Reluctance to share informations
 CONCLUSION

 Benchmarking is not a one day task or result that can be produced once followed.
 No company or organization has a fixed benchmark.
 Even through it actively contributes to the welfare of the organization, its success
depends upon every single member of the organization.
 Organization need to follow the aspects and make perfect moves in order to reach
productivity and success by making a glimpse at other organization.
THANK
YOU