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Benchmarks can be chosen from other relevant industries. (Stevenson, 2007) It is suggested that the company employs an external expert benchmarking organization to establish benchmarks. Information to create benchmarks is rarely available from the public domain like annual reports or web sites. Experts, who have conducted several studies, not only have accumulated data but also are better placed to make educated estimates where required. (Stevenson, 2007) Another advantage of using an outside agency is that their thinking will not be clouded by perceived limitations of what can be achieved.
Juran stated that quality management begins with knowing what the customer wants (Stevenson, 2007) and that should be the focus of our benchmarking activity...
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Common topics in this essay:
- Robert Louis Stevenson
- The Impacts of Robert Louis Stevenson
- Robert Louis Stevenson Influences
- Operations Management Principles DB 3
- Operations Management Principles DB 5
- Operations Management Principles IP 1
- Operations Management Principles IP 2
- Operations Management Principles IP 3
- Operations Management Principles IP 5
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