{"id":69377,"date":"2019-12-30T16:12:53","date_gmt":"2019-12-30T10:42:53","guid":{"rendered":"https:\/\/www.vskills.in\/certification\/tutorial\/?p=69377"},"modified":"2024-04-12T14:21:45","modified_gmt":"2024-04-12T08:51:45","slug":"benchmarking-2","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/benchmarking-2\/","title":{"rendered":"Benchmarking- Need and Basics"},"content":{"rendered":"<h1><strong>What is Benchmarking?<\/strong><\/h1>\n<p>Benchmarking is the continuous process of identifying, understanding and adapting best practices and processes that will lead to superior performance. Moreover, it measures an organization\u2019s operations, products, and services against those of its competitors. Above all, it is a means by which targets, priorities, and operations will lead to establishing a competitive advantage.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.logisticsbureau.com\/blog\/wp-content\/uploads\/2016\/09\/supply-chain-benchmarking.png\" alt=\"Benchmarking\" width=\"589\" height=\"270\" \/><\/p>\n<h3><strong>Internal drivers<\/strong><\/h3>\n<p>It includes,<\/p>\n<ul>\n<li>Firstly, targets which require improvements to our \u2018best ever\u2019 performance.<\/li>\n<li>Then, technology. It is a fundamental change in processes to benefit fully from Introducing new technologies<\/li>\n<li>Lastly, self-assessment results. It provides opportunities to learn from adopting best practices.<\/li>\n<\/ul>\n<h2><strong>Benefits of Benchmarking<\/strong><\/h2>\n<p>The benefits include,<\/p>\n<ul>\n<li>Firstly, creating a better understanding of the current position.<\/li>\n<li>Secondly, heightening sensitivity to changing customer needs.<\/li>\n<li>After that, encouraging innovation.<\/li>\n<li>Establishing realistic action plans.<\/li>\n<\/ul>\n<h2><strong>Categories of benchmarking<\/strong><\/h2>\n<p>There are four main categories,<\/p>\n<ul>\n<li>\n<h4><strong>Internal<\/strong><\/h4>\n<p>In this, there is a search for the best practice of internal operations by comparison.<\/li>\n<li>\n<h5><strong>Functional<\/strong><\/h5>\n<p>It means seeking functional best practices outside an industry.<\/li>\n<li>\n<h5><strong>Generic<\/strong><\/h5>\n<p>There is a comparison of outstanding processes irrespective of industry or function.<\/li>\n<li>\n<h5><strong>Competitive<\/strong><\/h5>\n<p>There is specific competitor to competitor comparisons for a product, service, or function of interest.<\/li>\n<\/ul>\n<p><strong>Enhance your Benchmarking\u00a0skills for better career opportunities. Become a\u00a0<a href=\"https:\/\/www.vskills.in\/certification\/quality\/certified-tqm-professional\">Certified TQM Professional<\/a>\u00a0Now!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is Benchmarking? Benchmarking is the continuous process of identifying, understanding and adapting best practices and processes that will lead to superior performance. Moreover, it measures an organization\u2019s operations, products, and services against those of its competitors. Above all, it is a means by which targets, priorities, and operations will lead to establishing a competitive&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[7886],"tags":[7912],"class_list":["post-69377","page","type-page","status-publish","hentry","category-tqm","tag-need-and-basics"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Benchmarking- Need and Basics - VskillsTutorial<\/title>\n<meta name=\"description\" content=\"Get ready to boost your learning and prepare for Certified TQM Professional exam. 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