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BENEFITS OF DOCUMENT

Helps to understand the concept and applications of benchmarking process
Enables quality improvement through comparison with superior performers
Provides an overview of the benchmarking process along with the methods and caveats

DOCUMENT DESCRIPTION

Benchmarking is an ongoing, systematic process for measuring and comparing the work processes of one organization to those of others that exhibit functional "best practices." The goal is to provide an external standard for measuring the quality of internal processes, and to help identify where there may be opportunities for improvement. To be effective, benchmarking should be integrated into operations throughout the organization and should be an ongoing process that analyzes data collected over time. It is a learning process that helps institutions discover how they can best improve the direct or indirect services they offer to their customers.

Benchmarking has occupied a prominent place in quality management and is regarded as a powerful tool to improve quality of products and services. In the last two decades the applications of benchmarking have tremendously increased making it one of the most preferred tools for quality improvement. According to a survey more than three fourth of the companies in the Fortune 500 list have used this technique for improving their quality. While the concept itself is not new what makes it more attractive and affordable is the kind of choices available for benchmarking along with the variety of models that can help in successful benchmarking. This set of slides provides a comprehensive view of benchmarking covering the fundamentals as well as applications and methodology. It also highlights the importance and benefits of benchmarking thereby indicating why benchmarking has become so popular. A comparison of models is also provided. In addition the set explains the precaution to be followed before embarking on the journey of benchmarking.

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Source: Benchmarking for Quality Improvement PowerPoint document

This document is part of the following Business Toolkits:

Benchmarking	View Details
Quality Management & Assurance	View Details

Benchmarking for Quality Improvement

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File Type: PowerPoint (pptx)

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Number of Slides: 61

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Initial upload date (first version): Sep 28, 2015
Most recent version published: Sep 28, 2015

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Benchmarking for Quality Improvement

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