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Give a detailed account of Benchmarking in Engineering Management. Provide discussion on the importance of internal...

Give a detailed account of Benchmarking in Engineering Management. Provide discussion on the importance of internal and external benchmarking, with advantages and disadvantages of each. Differentiate between benchmarking and forecasting.

Engineering   Mechanical-Engineering   
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We have three objectives here. One is to give a detailed account of Benchmarking. Second is to provide discussion on the importance of internal and external benchmaking with advantages and disadvantages of each. The third one is to differentiate between benchmarking and forecasting.

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