See benchmark (2)

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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

• British Steel have benchmarked themselves against the best operations anywhere in the world.

— benchmarking noun [uncountable] :

• Mr O'Neill, a newcomer to the industry, heeds theories of cost control and benchmarking against other industries.

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benchmarking UK US /ˈbenʃˌmɑːkɪŋ/ US  /-ˌmɑːr-/ noun [U]
the act of measuring the quality of something by comparing it with something else of an accepted standard: »

Without government benchmarking, customers can’t be sure of the truth of a business’s claims to being environmentally-friendly.

the use of something as a standard in order to improve your own work, products, or processes: »

Benchmarking will make greater improvements in the company’s services.

Financial and business terms. 2012.

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Look at other dictionaries:

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  • 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

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