Date Added: Jul 2009
The once-humble surveyor's benchmark has evolved into a highly sophisticated analytical approach and management practice. Today "benchmarking" is used by businesses worldwide to compare cost, cycle time, productivity, financial performance or quality against a standard or best practice. Uniform, actionable data, content and business rules are at the heart of benchmarking. Its ultimate goal is to facilitate informed business decisions that will, in turn, support strategic, operational efficiency and financial goals and help assure consistent, predictable performance.