I've read more than a couple of versions for the types of benchmarking, and now I'm confused over the difference between External Benchmarking, Best In Practice and Comparability Benchmarking.
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Benchmarking, doubt
13y ago#1External would usually mean comparing to similar businesses eg Ford comparing the cost of making a car to Volkswagen
Best in practice looks at a single process that another organisation is very good at. The organisations can be in very different businesses. Eg the inventory management in a supermarket compared to inventory management in a hospital pharmacy.
Not sure what's meant by comparability benchmarking - all benchmarking implies comparing yourself to others.
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