Benchmarking is the continuous process of measuring product, service and practice against competitors.
Size: 138.63 KB
Language: en
Added: Jul 10, 2019
Slides: 7 pages
Slide Content
Benchmarking in Supply Chain
By
Dr. Tushar D. Tale
(BE,MBA,M.Com,PGDIBO,Ph.D)
Dhanwate National College,
MBA Department Congress Nagar, Nagpur
Benchmarking in Supply Chain
It is the continuous process of measuring product, service and practice
against competitors or Industry Leaders.
It is the external Focus on internal activity to achieve continuous
improvement.
Study the existing process operation then identify external point of
reference by which each activity can be measured.
It is the continuous improvement process and it can be done at any
level of organization.
The situation where the benchmarking process
can be done are
•Operation
•Logistics
•Merger & Acquisition
•Cost Reduction
Process of benchmarking
Challenges face in Implementation of
benchmarking
Management Support is Required
Objectives are clearly mentioned
Enough resources and time is required
Data & Information is required