Benchmarking is the process of comparing performance in a company to the industry as a whole or other units. This ensures better quality, lower cost and overall economy.
G. K. Ajmani Tax consultant http://gkajmani-mystraythoughts.blogspot.com/
Benchmarking is required to established the desired standards of quality that is necessary to be maintained, thus ensuring uniformity in the product quality while not letting the product go below or above the specified standards.
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