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Benchmarking Considerations Form

Benchmarking Considerations Form

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Instructions and help about Benchmarking Considerations

So what is benchmarking? Is it a mark on a bench? It is not. Benchmarking is when a company compares its performance to the performance of other companies and one thing you want to remember is these companies don't have to be competitors. For example, I work in the higher end industry. There are aspects in higher ed where products are actually shipped to students. Let's say if you sign up for my institution or organization, you get a free laptop. I have to get that laptop to you to start courses. Right? But it takes 21 days for my laptop to get to my students. That's a long time. I can benchmark myself against a company like Amazon that has this to the two day turnaround for prime customers. On doing air quotes because sometimes you don't get it in two days. However, I can benchmark myself against their performance to determine how I can improve my performance. Now there is something else with benchmarking, right? You can choose to roll companies to benc

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