DEFINE Benchmarking quality
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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DEFINE Benchmarking quality
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Bench-marking is a management approach for implementing best practices at the best price. Bench-marking is process of continuous quality improvement and comparing policy. Bench-marking methods spread throughout in the industrial sector in 1980 .First used as a method for comparing production costs with though of the competitors in the same sectors, Bench-marking later became more conceptualized and used as a method for continuous quality improvement in any sector.
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