benchmarking

[US]/ˈbentʃˌmɑːkɪŋ/
[UK]/ˈbentʃˌmɑrkɪŋ/

Translation

v.determining a baseline or standard
n.the process of measuring and comparing performance or standards; a reference point or standard for evaluation

Phrases & Collocations

benchmarking study

benchmarking process

benchmarking against

benchmarking results

benchmarking exercise

doing benchmarking

benchmarked performance

benchmarking initiative

benchmarking data

benchmarking tool

Example Sentences

we are conducting benchmarking against our competitors to identify areas for improvement.

regular benchmarking helps us maintain a competitive edge in the market.

the project team will perform benchmarking of existing systems before implementation.

benchmarking our sales process revealed inefficiencies in the lead generation stage.

industry benchmarking reports provide valuable insights into best practices.

we use benchmarking data to set realistic performance targets for the team.

benchmarking against industry leaders is crucial for achieving operational excellence.

the benchmarking study compared our customer service response times with those of our rivals.

we need to establish a baseline for benchmarking our new software application.

benchmarking our supply chain highlighted opportunities for cost reduction.

the goal of benchmarking is to identify and adopt superior practices.

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