{"id":70708,"date":"2020-01-07T12:47:13","date_gmt":"2020-01-07T07:17:13","guid":{"rendered":"https:\/\/www.vskills.in\/certification\/tutorial\/?p=70708"},"modified":"2024-04-12T14:22:17","modified_gmt":"2024-04-12T08:52:17","slug":"understanding-benchmarking","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/understanding-benchmarking\/","title":{"rendered":"Understanding Benchmarking"},"content":{"rendered":"<h1><strong>Understanding Benchmarking<\/strong><\/h1>\n<figure style=\"width: 589px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.logisticsbureau.com\/blog\/wp-content\/uploads\/2016\/09\/supply-chain-benchmarking.png\" alt=\"Benchmarking\" width=\"589\" height=\"270\" \/><figcaption class=\"wp-caption-text\">Benchmarking<\/figcaption><\/figure>\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<h2><strong>Types of Benchmarks<\/strong><\/h2>\n<ul>\n<li>Internal\/Company &#8211; It creates a baseline for external benchmarking. Moreover, it identifies differences within the company and provides rapid improvements though opportunities for improvement.<\/li>\n<li>Direct Competition &#8211; It arranges areas of improvement according to competition and is of interest to most companies. However, it often involves a limited pool of participants. Consequently, opportunities for improvement are limited to &#8220;known&#8221; competitive practices and lead to potential antitrust issues.<\/li>\n<li>Industry &#8211; It issues industry trend information and is a conventional basis for quantitative comparison though opportunities for improvement may be bounded by industry standards.<\/li>\n<li>Best-in-Class &#8211; It examines multiple industries to provide the best opportunity for identifying radically innovative practices and processes by building a brand new perspective but, usually difficult to identify best-in-class companies and get them to participate.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Get certified and unlock more opportunities. Practice and Validate your skills to become a\u00a0<a href=\"https:\/\/www.vskills.in\/certification\/testing\/agile-testing-certification\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.vskills.in\/certification\/testing\/agile-testing-certification&amp;source=gmail&amp;ust=1579152864978000&amp;usg=AFQjCNEu1fdFuLWPniR55uUanyQjB80Z8w\">Certified Agile Testing Professional<\/a> Now<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Understanding 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 advantage&#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":[8156],"tags":[3812],"class_list":["post-70708","page","type-page","status-publish","hentry","category-agile-testing","tag-benchmarking"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Understanding Benchmarking - Agile Testing - Vskills Tutorial<\/title>\n<meta name=\"description\" content=\"Enrich your profile with advanced learning skills and expert tutorials on Understanding Benchmarking. Become a Certified Agile Testing Professional Now!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/understanding-benchmarking\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Understanding Benchmarking - Agile Testing - Vskills Tutorial\" \/>\n<meta property=\"og:description\" content=\"Enrich your profile with advanced learning skills and expert tutorials on Understanding Benchmarking. Become a Certified Agile Testing Professional Now!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.vskills.in\/certification\/tutorial\/understanding-benchmarking\/\" \/>\n<meta property=\"og:site_name\" content=\"Tutorial\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/vskills.in\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-12T08:52:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.logisticsbureau.com\/blog\/wp-content\/uploads\/2016\/09\/supply-chain-benchmarking.png\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/understanding-benchmarking\/\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/understanding-benchmarking\/\",\"name\":\"Understanding Benchmarking - Agile Testing - Vskills Tutorial\",\"isPartOf\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/understanding-benchmarking\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/understanding-benchmarking\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.logisticsbureau.com\/blog\/wp-content\/uploads\/2016\/09\/supply-chain-benchmarking.png\",\"datePublished\":\"2020-01-07T07:17:13+00:00\",\"dateModified\":\"2024-04-12T08:52:17+00:00\",\"description\":\"Enrich your profile with advanced learning skills and expert tutorials on Understanding Benchmarking. Become a Certified Agile Testing Professional Now!\",\"breadcrumb\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/understanding-benchmarking\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.vskills.in\/certification\/tutorial\/understanding-benchmarking\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/understanding-benchmarking\/#primaryimage\",\"url\":\"https:\/\/www.logisticsbureau.com\/blog\/wp-content\/uploads\/2016\/09\/supply-chain-benchmarking.png\",\"contentUrl\":\"https:\/\/www.logisticsbureau.com\/blog\/wp-content\/uploads\/2016\/09\/supply-chain-benchmarking.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/understanding-benchmarking\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Understanding Benchmarking\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#website\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\",\"name\":\"Tutorial\",\"description\":\"Vskills - A initiative in elearning and certification\",\"publisher\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.vskills.in\/certification\/tutorial\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#organization\",\"name\":\"Vskills\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/07\/vskills-min-logo.jpg\",\"contentUrl\":\"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/07\/vskills-min-logo.jpg\",\"width\":73,\"height\":55,\"caption\":\"Vskills\"},\"image\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/tutorial\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/vskills.in\/\",\"https:\/\/x.com\/vskills_in\",\"https:\/\/www.linkedin.com\/company-beta\/1371554\/\",\"https:\/\/www.youtube.com\/channel\/UCMWnscxPwRF_PqXo9B7q_Tw\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Understanding Benchmarking - Agile Testing - Vskills Tutorial","description":"Enrich your profile with advanced learning skills and expert tutorials on Understanding Benchmarking. Become a Certified Agile Testing Professional Now!","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.vskills.in\/certification\/tutorial\/understanding-benchmarking\/","og_locale":"en_US","og_type":"article","og_title":"Understanding Benchmarking - Agile Testing - Vskills Tutorial","og_description":"Enrich your profile with advanced learning skills and expert tutorials on Understanding Benchmarking. Become a Certified Agile Testing Professional Now!","og_url":"https:\/\/www.vskills.in\/certification\/tutorial\/understanding-benchmarking\/","og_site_name":"Tutorial","article_publisher":"https:\/\/www.facebook.com\/vskills.in\/","article_modified_time":"2024-04-12T08:52:17+00:00","og_image":[{"url":"https:\/\/www.logisticsbureau.com\/blog\/wp-content\/uploads\/2016\/09\/supply-chain-benchmarking.png","type":"","width":"","height":""}],"twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/understanding-benchmarking\/","url":"https:\/\/www.vskills.in\/certification\/tutorial\/understanding-benchmarking\/","name":"Understanding Benchmarking - Agile Testing - Vskills Tutorial","isPartOf":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/understanding-benchmarking\/#primaryimage"},"image":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/understanding-benchmarking\/#primaryimage"},"thumbnailUrl":"https:\/\/www.logisticsbureau.com\/blog\/wp-content\/uploads\/2016\/09\/supply-chain-benchmarking.png","datePublished":"2020-01-07T07:17:13+00:00","dateModified":"2024-04-12T08:52:17+00:00","description":"Enrich your profile with advanced learning skills and expert tutorials on Understanding Benchmarking. Become a Certified Agile Testing Professional Now!","breadcrumb":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/understanding-benchmarking\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.vskills.in\/certification\/tutorial\/understanding-benchmarking\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/understanding-benchmarking\/#primaryimage","url":"https:\/\/www.logisticsbureau.com\/blog\/wp-content\/uploads\/2016\/09\/supply-chain-benchmarking.png","contentUrl":"https:\/\/www.logisticsbureau.com\/blog\/wp-content\/uploads\/2016\/09\/supply-chain-benchmarking.png"},{"@type":"BreadcrumbList","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/understanding-benchmarking\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.vskills.in\/certification\/tutorial\/"},{"@type":"ListItem","position":2,"name":"Understanding Benchmarking"}]},{"@type":"WebSite","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#website","url":"https:\/\/www.vskills.in\/certification\/tutorial\/","name":"Tutorial","description":"Vskills - A initiative in elearning and certification","publisher":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.vskills.in\/certification\/tutorial\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#organization","name":"Vskills","url":"https:\/\/www.vskills.in\/certification\/tutorial\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#\/schema\/logo\/image\/","url":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/07\/vskills-min-logo.jpg","contentUrl":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-content\/uploads\/2017\/07\/vskills-min-logo.jpg","width":73,"height":55,"caption":"Vskills"},"image":{"@id":"https:\/\/www.vskills.in\/certification\/tutorial\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/vskills.in\/","https:\/\/x.com\/vskills_in","https:\/\/www.linkedin.com\/company-beta\/1371554\/","https:\/\/www.youtube.com\/channel\/UCMWnscxPwRF_PqXo9B7q_Tw"]}]}},"_links":{"self":[{"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/pages\/70708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/comments?post=70708"}],"version-history":[{"count":6,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/pages\/70708\/revisions"}],"predecessor-version":[{"id":75348,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/pages\/70708\/revisions\/75348"}],"wp:attachment":[{"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/media?parent=70708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/categories?post=70708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/tutorial\/wp-json\/wp\/v2\/tags?post=70708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}