T15 Benchmarking

With the help of benchmarking, a company can identify best practices and adapt them to its own company in order to become better. The aim of benchmarking is to do the "right things" (effectiveness) and to do "things right" (efficiency). Benchmarking can also be carried out between comparable parts of a company, for example between different production plants or sales areas.
Benchmarking can be time-consuming and should therefore be used primarily for long-term planning and focused on areas with a particularly high potential for improvement.
There are currently no internationally standardized benchmarks.

In context with:
Q:
Q06, Q15
A:
E16
T:
T02, T16