Benchmarking enables an organization to learn from the outside and to develop relevant measures and implement company-specific solutions. On principle, a company may benefit directly as well as indirectly.

Direct Benefits of Benchmarking

  •          The company is analyzed.
  •          The companies or sections of companies are compared.
  •          Best practices are defined.
  •          Performance deficits are identified.
  •          Alternative solutions are evaluated.

Indirect Benefits of Benchmarking

  •          Promote an understanding of the own business processes.
  •          Question the objectives of the company.
  •          Verify the corporate strategy.
  •          Strengthen the competitive position.
  •          Initiate the process of continuous improvement (KAIZEN).
Benefits of Benchmarking