Benchmarking Tool Analysis

Benchmarking Tool Analysis The definition of benchmarking is the process of making comparisons in stage to learn from Best Practices. When an organization compares its performance with different similar organizations they can identify those companies that have a relatively high performance rating. From this an organization can learn how to get to such a high level of performance. Benchmarking started in the unified sector when drive away Corporation realized it was losing a mess hall of money and its market share to Japanese competitors. These competitors were able to distribute a product for the same price that it cost Xerox to make. Benchmarking was started by Xeroxs Manufacturing unit when it compared its photocopier manufacturing process to Fuji-Xerox. This is a really famous study that became part of the first book on Benchmarking by Camp. The book was non published until 1989, but meanwhile, benchmarking was fit indoctrinated into the Xerox system of operations. Even so, most people comfort had never heard of benchmarking. Benchmarking is a part of a tally Quality Program (total quality), and one of the purposes of total quality is to modify the way a company does business. This could be through modify customer service or increased quality of a product.

Benchmarking means to adopt a nonhers Best Practices as your own. It is not a one time fix, but rather a process that should be applied periodically to monitor the sign improvement progress, then as often as call for to ensure the processes in place are still considered top hat practices, which as with most things will continually evolve. Benchmarking should be employ when making decisions on streamlining processes or to cut overhead costs. It should not be used when an improvement to an end product is needed. Benchmarking is considered a total quality management tool, a term that refers to a management style where the goal is producing quality products or work for the customer and in... If you want to get a full essay, order it on our website: Orderessay

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