How Does Benchmarking Improve Operations? and Give a Relevant Example

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The Answer is Benchmarking is evaluating your operations to another companies/persons operations to see where it is they are potentially better at,and where you can implement their actions to improve your own.Benchmarking helps one get better plans to correct their problems/issues,helps save money by looking at another company to improve,and lowers time needed to come up with a new idea to a problem when perhaps another company has faced that issue too,and came up with a solution.An example would be the VHA story found on page 35,how they benchmarked other healthcare providers to improve their claim processing abilities.

How Does Benchmarking Improve Operations? and Give a Relevant Example

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