Benchmarking is the process of drawing meaningful comparisons between a company’s performance and the performance of identified best practices. For many companies, these known best practices can ...

Benchmarking is critically important. The old sayings about “What gets measured gets managed” and “If you cannot measure, you cannot improve” are true. We must measure performance, and we must have ...

Benchmarking is the process of comparing what your company is doing with what the best performing company in your industry is doing. Process benchmarking, one of three types of benchmarking, compares ...

Nishith Rastogi is a Founder & CEO of Locus, a leading-edge technology company helping 300+ global enterprises achieve last-mile excellence. Success is an abstract and indefinite concept, yet all ...

Benchmarking is a way of evaluating performance metrics in a given organization by comparing them to similar performances in one or more (usually external) sources – these may be competing ...

Management theory and practice have long established a link between effective performance measures and effective management (Drucker, 1995). The effectiveness of any given performance measure depends ...

Q: How do you advise others to best prepare for a benchmarking trip to another facility? A: While research and study are essential to building your basic understanding of Lean principles and reading ...