What is the process called of comparing the cost, cycle time, productivity, or quality of a specific process or method to another that is widely considered to be an industry standard or best practice?
a. Benchmarking
b. Insolvency
c. Global Strategy
d. Producible Fraction
The answer is A. Benchmarking! Currently, there is no single benchmarking process that has been universally adopted, but there are popular 7 step and 12 step processes that are used frequently.
Stay curious,
Team ARC
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