Benchmarking

/ ˈbent.šmɑːrkiŋ / Benchmarking

Definition

Benchmarking is a research process that involves comparing performance metrics and business processes to industry-standard practices and best practices of other companies.In Ecommerce, benchmarking is the process of measuring the performance of products, services, and/or processes compared to the best companies or businesses in the industry.By analyzing the performance of the top companies in the industry and finding out how they have achieved such performance, a business can identify improvement opportunities and act on them.This can yield significant development in terms of profit and internal operations.

Resources
Get in touch with us
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Philippine Office
3008 One Corporate Centre, Julia Vargas Avenue, Ortigas Center, Pasig City 1605, Metro Manila, Philippines
USA Office
552 E Carson St. Suite 104, Carson, CA 90745, USA
Contact Sales
Contact Recruitment