Benchmarking and Industry Analysis


Benchmarking is the process of comparing one’s business processes and performance metrics to industry bests or best practices from other companies. Dimensions typically measured are quality, time and cost.

Lourdes Alvarez – Professional Accountants objectives of benchmarking to help your business are:

  •  to determine what and where improvements are called for
  •  to analyze how other organizations achieve their high performance levels, and
  •  to use this information to improve performance.