Incorporating benchmarking into your company

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The strategic analysis found that compared with its Japanese rivals, Xerox had nine times as many suppliers, was rejecting ten times as many machines on the production line, and taking twice as long to bring products to market.

The benchmarking also showed that productivity would need to grow by 18% per year for five years if it were to catch up with its competitors.

In this situation, the insight provided by benchmarking was extremely useful to the company.

Xerox focused on best practices from each sector of its business and then on practices from other organizations that could be incorporated into its work process.

Based on this, the company was able to react, determine new objectives and carry out appropriate follow-up.

In the decades that followed, the practice of benchmarking expanded and intensified across all areas of Xerox, bolivia mobile database which adopted analysis as a strategy for continuous improvement.

Conclusion
is important to maintain a culture of innovation and continuous improvement. So don't be afraid to learn from others! A flexible and open mindset to change is the key to staying current and relevant to your customers.

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