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Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. Dimensions typically measured are quality, time and cost.
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| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Benchmarking | is a | practice of comparing business processes and performance metrics to industry bests and best practices from other companies | 0.90 | text |
| Benchmarking | is a | Auerbach Corporation's Standard EDP Reports | 0.90 | text |
| Benchmarking | is a | variety of metric definitions used among companies or divisions | 0.90 | text |
| focus groups | instance of | exploratory research techniques | 0.80 | text |
| Human Resources | instance of | Complex functions | 0.80 | text |
| Finance | instance of | Complex functions | 0.80 | text |
| Accounting | instance of | Complex functions | 0.80 | text |
| Information | instance of | Complex functions | 0.80 | text |
| Communication Technology are unlikely to be directly comparable in cost | instance of | Complex functions | 0.80 | text |
| efficiency terms | instance of | Complex functions | 0.80 | text |
| may need to be disaggregated into processes to make valid comparison.Best-in-class benchmarking - involves studying the leading competitor or the company that best carries out a specific function.Operational benchmarking embraces everything from staffing | instance of | Complex functions | 0.80 | text |
| productivity to office flow | instance of | Complex functions | 0.80 | text |
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