benchmarking


benchmarking
The comparison of data or operations against those of similar organizations. Benchmarking, whether *quantitative or *qualitative, is often performed with the intention of seeking ways to improve an organization’s operations. Auditors also frequently use benchmarking as part of their *analytical review procedures. For example, an industry average of payroll cost per employee is a common benchmark to assess the reasonableness of payroll costs in a specific organization. The *Global Auditing Information Network of the *Institute of Internal Auditors offers benchmarking information at the level of the *internal audit function.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • Benchmarking — is the process of comparing the cost, time or quality of what one organization does against what another organization does. The result is often a business case for making changes in order to make improvements.Also referred to as best practice… …   Wikipedia

  • Benchmarking — Saltar a navegación, búsqueda El benchmarking es un anglicismo que, en las ciencias de la administración de empresas, puede definirse como un proceso sistemático y continuo para evaluar comparativamente los productos, servicios y procesos de… …   Wikipedia Español

  • benchmarking — The comparison of practice in other organisations against one s own organisation in order to identify areas for improvement. + benchmarking a procedure for testing whether the standard and price of services is consistent with the market standard… …   Law dictionary

  • benchmarking — A method of measuring USPS processes against those of recognized leaders. It helps establish priorities and targets leading to process improvement. It is undertaken by identifying processes to benchmark and their key characteristics; determining… …   Glossary of postal terms

  • Benchmarking — Le benchmarking (en français référenciation, étalonnage ou parangonnage[1]) est une technique de marketing (mercatique) ou de gestion de la qualité qui consiste à étudier et analyser les techniques de gestion, les modes d organisation des autres… …   Wikipédia en Français

  • Benchmarking — Dieser Artikel oder Abschnitt bedarf einer Überarbeitung. Näheres ist auf der Diskussionsseite angegeben. Hilf mit, ihn zu verbessern, und entferne anschließend diese Markierung. Benchmark (engl. „Maßstab“) oder Benchmarking (= Maßstäbe setzen)… …   Deutsch Wikipedia

  • benchmarking — The process of identifying the best practice in relation to products and processes, both within an industry and outside it, with the object of using this as a guide and reference point for improving the practice of one s own organization.… …   Big dictionary of business and management

  • benchmarking — A technique for measuring an organization s products, services, or activities against other best performing organizations. Benchmarking is a continuous process and helps an organization focus on being competitive. Most of the early work in this… …   Accounting dictionary

  • Benchmarking — Bench|mar|king , das; s [engl. benchmarking, zu: to benchmark = Maßstäbe setzen] (bes. Wirtsch.): Vergleich von Herstellungsprozessen, Managementpraktiken u. Produkten od. Dienstleistungen, um Leistungsdefizite aufzudecken. * * * Benchmarking   [ …   Universal-Lexikon

  • benchmarking — See benchmark (2) * * * benchmark benchmark 2 verb [transitive] COMMERCE to use a company s good performance as a standard by which to judge the performance of other companies of the same type: benchmark somebody/​something against something …   Financial and business terms


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.