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Benchmarking
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 Related Terms
Benchmark
Benchmarking
Best Practice
 

What is Benchmarking?

Definitions: Benchmarking is identifying the highest standard of excellence, learning and understanding those standards, and finally adapting and applying them to improve performance.

General Use: Understanding, simplification and improvement of processes, products and/or practices.

Related Resources:

Retail Business Management
Retail business management information including human resources, accounting, finance, strategic planning and more.

Elsewhere on the Web:

American Productivity & Quality Center
APQC is a non-profit resource for process and performance improvement.

Benchmarking Glossary
In-depth glossary of benchmarking terms from APQC.

Retail Benchmarking Association
Association dedicated to the exchange of specific data related to retail performance.

 Related Books

Compare Prices - Buy Online
Retail Management: A Strategic Approach - Berman and Evans
More Great Retail Books
 

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