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Definitions from the WebBenchmarkingDefinition: Benchmarking refers to the process of comparing and evaluating the performance, quality, or processes of an organization, product, or service against best practices or industry standards to identify opportunities for improvement. Part of Speech:Noun Example Sentences:1. The company conducted benchmarking to assess their manufacturing processes and identify areas for optimization. 2. Benchmarking against their competitors allowed the team to gain insights into market trends and strategies. Related Products:Explore benchmarking books on Amazon | ||||
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