What is the process of continuously measuring system results, comparing those results to optimal system performance, and identifying steps and procedures to improve system performance?
A) Benchmarking
B) Bottlenecking
C) Consolidation
D) Cycle time

Question

Quizplus · Accepted Answer

Benchmarking is the process where a company measures its performance against that of best-in-class companies, determines how those companies achieve their performance levels, and uses the information to improve its own performance. This involves continuously measuring system results, comparing those results to optimal system performance (benchmarks), and identifying steps and procedures to improve system performance.

What Is the Process of Continuously Measuring System Results, Comparing