Benchmarking

Benchmarking is comparing a process’s performance against a reference point: a target, a competitor, an industry standard, or the same process before a change. It turns “is this good enough?” into a measurable comparison.

In process improvement

A simulation model is a natural benchmarking tool. Model the current process to set a baseline, then compare each proposed change against it on the same measures, cycle time, cost, and throughput, so an improvement is proven rather than assumed. ProcessModel’s scenarios and Impact Analysis are built for exactly this side-by-side comparison.

LegacyHow this worked in the previous version

The concept of discovering what is the best performance being achieved, whether in your company, by a competitor, or by an entirely different industry.

Benchmarking is an improvement tool whereby a company measures its performance or process against other companies’ best practices, determines how those companies achieved their performance levels, and uses the information to improve its own performance.

Benchmarking is a continuous process whereby an enterprise measures and compares all its functions, systems and practices against strong competitors, identifying quality gaps in the organization, and striving to achieve competitive advantage locally and globally.