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Benchmarking is the process of comparing the cost, cycle time, productivity, or quality of a specific process or method to another that is widely considered to be an industry standard or best practice. Essentially, benchmarking provides a snapshot of the performance of your business and helps you understand where you are in relation to a particular standard. The result is often a business case for making changes in order to make improvements. The term benchmarking was first used by cobblers to measure ones feet for shoes. They would place the foot on a "bench" and mark to make the pattern for the shoes. Benchmarking is most used to measure performance using a specific indicator (cost per unit of measure, productivity per unit of measure, cycle time of x per unit of measure or defects per unit of measure) resulting in a metric of performance that is then compared to others.

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Blogs for Benchmarking

IBM developerWorks : Blogs : Benchmarking and systems performance ...

Get involved in the developerWorks community by participating in developerWorks Blogs. ... This blog is for the open exchange of ideas relating to systems ...www.ibm.com/developerworks/blogs/page/benchmarking

Home - Benchmarking Blog

Benchmarking Blog. Advanced Search. Home. About Us. Instructional Services ... To begin using the Benchmarking Blog site, click Create a Post under Admin Links ...www.oceana-isd.k12.mi.us/InstructServ/BenchmarkingBlog

Blog - Business Benchmarking - TM Forum Online Community

Community Home, Groups & Teams, Blogs... Conferences ... Content Encounter, Business Benchmarking, Revenue Management... Best Practices & Standards ...www.tmforum.org/Community/groups/benchmarking/blog/default.a...

Benchmarking — Blogs, Pictures, and more on WordPress

BestPrax Blog. HOUSEKEEPING OPERATION BENCHMARKING ... Benchmarking: Why it might not work ... Benchmarking — 2 comments ...en.wordpress.com/tag/benchmarking/

Home - Benchmarking Blog

Turn off more accessible mode Benchmarking Blog. Sign In. Benchmarking Blog. Home ... Exercise have now been posted by Derek Morrison on the HEA Benchmarking Blog. ...benchmarking.aber.ac.uk/default.aspx

Wikipedia About Benchmarking

Benchmarking is the process of comparing the cost, cycle time, productivity, or quality of a specific process or method to another that is widely considered to be an industry standard or best practice. Essentially, benchmarking provides a snapshot of the performance of your business and helps you understand where you are in relation to a particular standard. The result is often a business case for making changes in order to make improvements. The term benchmarking was first used by cobblers to measure ones feet for shoes. They would place the foot on a "bench" and mark to make the pattern for the shoes. Benchmarking is most used to measure performance using a specific indicator (cost per unit of measure, productivity per unit of measure, cycle time of x per unit of measure or defects per unit of measure) resulting in a metric of performance that is then compared to others.

Also referred to as "best practice benchmarking" or "process benchmarking", it is a process used in management and particularly strategic management, in which organizations evaluate various aspects of their processes in relation to best practice, usually within a peer group defined for the purposes of comparison. This then allows organizations to develop plans on how to make improvements or adopt best practice, usually with the aim of increasing some aspect of performance. Benchmarking may be a one-off event, but is often treated as a continuous process in which organizations continually seek to challenge their practices.

Popularity and benefits from benchmarking

In 2008, a comprehensive survey on benchmarking was commissioned by the Global Benchmarking Network (a network of benchmarking centres representing 22 countries - and for which the founder of benchmarking, Dr Robert Camp, is the honorary president). Over 450 organisations responded from over 40 countries. The results showed that:

  1. Mission and Vision Statements and Customer (Client) Surveys are the most used (by 77% of organisations) of 20 improvement tools, followed by Strengths, Weaknesses, Opportunities, and Threats SWOT (72%), and Informal Benchmarking (68%). Performance Benchmarking was used by (49%) and Best Practice Benchmarking by (39%).
  2. The tools that are likely to increase in popularity the most over the next three years are Performance Benchmarking, Informal Benchmarking, SWOT, and Best Practice Benchmarking. Over 60% of organizations that are not currently using these tools indicated they are likely to use them in the next three years.
  3. When Best Practice Benchmarking is done well significant benefits are obtained with 20% of projects resulting in benefits worth US$250,000.'''

The full report is free from BPIR.com who undertook the research on behalf of the GBN.

Collaborative benchmarking

Benchmarking, originally invented as a formal process by Rank Xerox, is usually carried out by individual companies. Sometimes it may be carried out collaboratively by groups of companies (eg subsidiaries of a multinational in different countries). One example is that of the Dutch municipally-owned water supply companies, which have carried out a voluntary collaborative benchmarking process since 1997 through their industry association. Another example is the UK construction industry which has carried out benchmarking since the late 1990's again through its industry association and with financial support from the UK Government

Search results for Benchmarking

Benchmarking - Sport Executive Management Benchmarking Association

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Benchmarking - Project Management Benchmarking Network

PMBN™ conducts benchmarking studies to identify practices that improve the ... Lean Benchmarking. Lean Manufacturing. Management Development. Manufacturing Technology ...pmbn.org/

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News about Benchmarking

PEZA, BOI promotions dismal–World Bank

Yehey!The World Bank said the Philippines’ two investment promotion agencies were “weak,” especially in inquiry handling and providing information to foreign ...http://www.yehey.com/finance/level3.aspx?id=239605

AMD Video Shows Dragon OC'ing, Skateboarding

Tom's HardwareWant to see some overclocking? Want to see some skating? Want to grind that rail? Check out this video of AMD Phenom II extremeness.http://www.tomshardware.com/news/amd-dragon-phenom-overclock...

India's investment promotion 'very weak', says World Bank

New KeralaWashington, May 11 : A new World Bank group report suggests the website and inquiry handling by the Indian government's investment-promotion agency is 'very weak'.http://www.newkerala.com/nkfullnews-1-36461.html

Groundbreaking Diabetes Disease Management Program Honored With URAC National Best Practices Award

redOrbitINDIANAPOLIS, May 11 /PRNewswire-FirstCall/ -- URAC, a leading independent health care quality accrediting organization, has awarded the Arkansas Department of Human Services, Arkansas Department of Health, Comprehensive Neuroscience, Inc., and Lilly the Bronze Award in Health Information and Decision Support at the 2009 Best Practices in Health Care Consumer Empowerment and Protection Awards ...http://www.redorbit.com/news/health/1686343/groundbreaking_d...

24 Officers Take Closer Look At SUAMPRIPAD

BruDirect.comThe Islamic Studies Department Deputy Director Ustazah Hjh Fatimah Hj Abdul Ghani, SUAMPRIPAD Acting Principal, Ustazah Hjh Sarimah Hj Ahmad, officers and teachers, greeted the delegation.http://www.brudirect.com/DailyInfo/News/Archive/May09/12/nit...

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Research and Markets: Express Benchmarking 2009 - Belgium

Businesswire.comDUBLIN--( BUSINESS WIRE )-- Research and Markets ( http://www.researchandmarkets.com/research/850020/express_benchmarki ) has announced the addition of the " Express Benchmarking 2009 - Belgium " report to their offering. With the Belgian express and ... http://www.businesswire.com/news/home/20090505005705/en

Research and Markets: Leukemia - A Competitive Analysis to New ...

Businesswire.com ... http://www.researchandmarkets.com/research/c4af72/leukemia_a_compe ) has announced the addition of the "Leukemia - A Competitive Analysis to New Products, Portfolio Planning, Licensing & Acquisition Through Pipeline Benchmarking ... http://www.businesswire.com/news/home/20090505005635/en

Discover True North Accepting Nominations for "$100K Extreme Corporate ...

24-7PressRelease.comThe winner will receive a host of branding/marketing tools (logo, website, pr plan, social media consultation, a design makeover, etc.), strategic planning services (eco-audit, customer satisfaction benchmarking, recruitment services, a leadership ... http://www.24-7pressrelease.com/press-release/discover-true-...

Deadline Fast Approaching for Wine Industry Financial Benchmarking ...

Market WireSANTA ROSA, CA and SAN FRANCISCO, CA--(Marketwire - May 6, 2009) - Time is running out for winery and vineyard operations located in Washington, Oregon or California to participate in what is being called a "landmark" Wine Industry Financial ... http://www.marketwire.com/press-release/Demeter-Group-985661...

Peer Benchmarking New Tool for Building Market Share for Contractors

24-7PressRelease.comMetrics and Marketing Expert Ron Sturgeon to Lead Peer Benchmarking Group for Building Contractors on June 9, 2009 in Fort Worth, TX FORT WORTH, TX, May 07, 2009 /24-7PressRelease/ -- As hard hit as the construction and contracting sector has been in ... http://www.24-7pressrelease.com/press-release/peer-benchmark...

Search results for Benchmarking

Welcome to Benchmark Electronics, Inc.

Benchmark Electronics, Inc. is a leading provider of Electronics Manufacturing Services. Benchmark provides its customers with end-to-end product solutions.http://www.bench.com/

Benchmark | DAC1, ADC1, PRE420, System 1000

Benchmark Media is a Pro Audio, Home Audio, and Broadcasting manufacturer of the System 1000, DAC1 PRE, ADC1 USB, and the PRE420.http://www.benchmarkmedia.com/

Benchmark Education Company - Home

Benchmark Education Company - Building Literacy for Life (tm) ... Click here to save time and flip through our latest catalog. Find what you want with a click!http://www.benchmarkeducation.com/

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At Benchmark Hospitality International, things are different. Each of our vast collection of resorts, hotels, conference centers & meeting facilities is truly unique, and offers ... http://www.benchmarkhospitality.com/

Benchmark

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Wikipedia results for Benchmarking

Benchmark - Wikipedia, the free encyclopedia

The term benchmark originates from the chiseled horizontal marks that surveyors made, into which an angle-iron could be placed to bracket ("bench") a levelling rod, thus ensuring ... http://en.wikipedia.org/wiki/Benchmark

Benchmark (computing) - Wikipedia, the free encyclopedia

In computing, a benchmark is the act of running a computer program, a set of programs, or other operations, in order to assess the relative performance of an object, normally by ... http://en.wikipedia.org/wiki/Benchmark_%28computing%29

Benchmark (surveying) - Wikipedia, the free encyclopedia

The term benchmark originates from the chiseled horizontal marks that surveyors made in stone structures, into which an angle-iron could be placed to form a "bench" for a leveling ... http://en.wikipedia.org/wiki/Benchmark_%28surveying%29

Benchmark Capital - Wikipedia, the free encyclopedia

Benchmark Capital is a venture capital firm responsible for the early stage funding of some very successful startups. In 1997, the firm invested $6.7 million in eBay, which became ... http://en.wikipedia.org/wiki/Benchmark_Capital

Benchmarking - Wikipedia, the free encyclopedia

... the initiating firm focuses its observation and investigation of business processes with a goal of identifying and observing the best practices from one or more benchmark firms.http://en.wikipedia.org/wiki/Benchmarking
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Videos found for Benchmarking

Google Chrome Final - Benchmarking ...

Google Chrome Final - Benchmarking reviewVisit: http://PCWizKidsTechTalk.com for more tips Today Google Chrome came out of Beta with a final release in a record time! It is available for Windows only at this time however...Flash - Video

How Badass is Your PC? Benchmark It...

How Badass is Your PC? Benchmark It!Is your rig the fastest it can be? Join us as the folks from Extremetech.com show us the best tips, tools and techniques for benchmarking your PC!Video - Video

Video: Inside Intel's Performance B...

Video: Inside Intel's Performance Benchmarking Lab With The Intel Core 2 Duo - SponsoredWatch Video | Download Video Eddie Codel shows you what it's like inside Intel's Performance Benchmarking Lab by interviewing Matt Dunford, Intel Worldwide Chief Benchmarking...QuickTime - Video

The Experts Guide to Benchmarking a...

The Experts Guide to Benchmarking a PC! - Best Of...Is your rig the fastest it can be? Join us as the folks from Extremetech.com show us the best tips, tools and techniques for benchmarking your PC!Flash - Video

Evan Scott of Shumsky on Benchmarki...

Evan Scott of Shumsky on BenchmarkingEvan Scott, CMO of Shumsky discussed what he learned about the importance of benchmarking when you're setting up the ROI for your business By THECMOCLUB Tags : Benchmarking , CMO...Flash - Video

Answers for Benchmarking

carl_marxx2000Benchmarking?carl_marxx2000You can benchmark your business for a variety of characteristics, depending on your industry and current needs. It can be limited to one area of your business (e.g. customer service) or be a general o...priyaparul6What does a benchmarking report look like ?priyaparul6Benchmarking (also "best practice benchmarking" or "process benchmarking") is a process used in management and particularly strategic management, in which organizations evaluate various aspects of the...PimpcashWhat are two companies that have been involved in generic benchmarking.?Pimpcashreal estate and healthcare. search on yahoo homeboy.Katelyn NHow do you do a simple benchmarking project for a personal computer?Katelyn NThere's always PCMark.. also makers of 3DMarkS.K.Where would I find info for benchmarking purposes?S.K.I'd recommend going to an on-line database which your school should've provided for you to use free of cost since they pay millions of dollars to ensure the usage of it.
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