What is benchmarking all about, and why should a company do it?

Enterprise Risk Management
October 15, 2020
What are the responsibilities of your current (or most recent) employer with regard to the Family and Medical Leave Act?
October 15, 2020

What is benchmarking all about, and why should a company do it?

What is benchmarking all about, and why should a company do it?
Is it best to look only at your direct competitors for benchmarking statistics? Why or why not?
How would you go through the benchmarking process?
For a typical manufacturing company, what would be the key performance criteria that customers are most concerned about? Why?
Describe 1 of the following a total quality programs: Crosby, six sigma, or Juran.
Describe the implementation of any one statistical process control program (e.g., Deming).
Discuss moving toward reduction in non-value-added activities. Include examples.
Explain the adoption of lean manufacturing techniques.