Benefits of Benchmarking

Direct Benefits

▪         Analyses companies

▪         Compares companies and divisions

▪         Defines best practices

▪         Identifies performance deficits

▪         Evaluates alternative solutions

Indirect Benefits

▪         Generates knowledge of own business processes

▪         Determines company goals

▪         Revises business strategy

▪         Strengthens competitive capacity

▪         Initiates a continuous improvement concept