Asked by Louie Allard on May 17, 2024
Verified
Benchmarking begins with:
A) determining the constraints within a given manufacturing process.
B) completely redesigning a business process to improve it.
C) studying organizations that are the best at a particular task.
D) a determination to only build products to meet specific customer orders.
Benchmarking
A systematic approach to identifying the activities with the greatest room for improvement. It is based on comparing the performance in an organization with the performance of other, similar organizations known for their outstanding performance.
Business Process
A series of steps that are followed to carry out some task in a business.
- Understand the significance of benchmarking and total quality management (TQM) in improving business performance.
Verified Answer
SS
Sharan SaraiMay 20, 2024
Final Answer :
C
Explanation :
Benchmarking involves studying organizations that are the best or most efficient at a particular task or process in order to learn from their methods and techniques. It is not related to determining constraints within a manufacturing process, completely redesigning a business process, or a determination to only build products to meet specific customer orders.
Learning Objectives
- Understand the significance of benchmarking and total quality management (TQM) in improving business performance.