Benchmarked: meaning, definitions and examples
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benchmarked
[ ˈbɛnʧmɑrkt ]
performance measurement
To benchmark means to evaluate or compare a process, product, or performance against a standard or set of best practices. This practice is often used in business and technology to assess efficiency, quality, and service against competitors or industry standards. By benchmarking, organizations can identify areas for improvement and establish targets for performance enhancement. It serves as a tool for continuous improvement and strategic planning.
Synonyms
assess, compare, evaluate, measure
Examples of usage
- The company benchmarked its sales performance against industry leaders.
- They benchmarked their software's speed against competitor products.
- Before implementing changes, we benchmarked our current output.
- She benchmarked her marketing strategies to refine their effectiveness.
Translations
Translations of the word "benchmarked" in other languages:
🇵🇹 referenciado
🇮🇳 मानक निर्धारित किया गया
🇩🇪 benchmarkiert
🇮🇩 diukur
🇺🇦 зазначено в бенчмарку
🇵🇱 benchmarkowany
🇯🇵 ベンチマークされた
🇫🇷 référencé
🇪🇸 referenciado
🇹🇷 ölçüldü
🇰🇷 벤치마킹된
🇸🇦 تم قياسه
🇨🇿 benchmarkovaný
🇸🇰 benchmarkovaný
🇨🇳 基准化
🇸🇮 benchmarkiran
🇮🇸 benchmarkað
🇰🇿 бенчмарк жасалды
🇬🇪 ბენჩმარკირებული
🇦🇿 bənçmark edilmiş
🇲🇽 marcado como estándar
Etymology
The term 'benchmark' originally referred to a mark made on a permanent object to indicate position or elevation, particularly in surveying. The word 'bench' comes from the Old French 'benche,' meaning a long seat or table, while 'mark' derives from the Old English 'mearc,' meaning boundary or sign. Over time, 'benchmark' evolved into a term used in various fields, including finance, manufacturing, and technology, emphasizing its role as a point of reference for performance measurement. The practice of benchmarking gained traction in the business world during the 1980s, highlighting the importance of continuous improvement and competitive analysis, encouraging companies to adopt best practices for enhanced performance.