Question

Describe a potential issue in Benchmarking, when comparing different facilities, even if similar characteristics are present?

Describe a potential issue in Benchmarking, when comparing different facilities, even if similar characteristics are present?

Business   Operations-Management   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Benchmarking is commonly used to find the gap between the industry leader and the particular firm or facility This is done so that the factors behind these gaps can be overcome and attempts are made to become at par the industry leader by following the similar performances or processes

The main issue in Benchmarking, when comparing different facilities, even if similar characteristics are present is that despite having the similar characteristics and traits, each facility will be operating in different micro and macro environment and thus the change in environmental factor will also change the manner in which the different facilities operate and therefore having the perfect benchmarking is not feasible

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Why is the analysis period important when comparing different alternatives under the Present Worth method
Why is the analysis period important when comparing different alternatives under the Present Worth method
a two paragraphs about two different  potential science issue that societal globalization might present or make worse
a two paragraphs about two different  potential science issue that societal globalization might present or make worse
Can someone please describe and give the characteristics of the 6 different types of correlations (...
Can someone please describe and give the characteristics of the 6 different types of correlations ( Pearson, Spearman rho/rank, Kendall's Tau, Point Biserial, Biserial and Phi) and give an example for each about when it is appropriate to use each correlation.
Describe the types of energy and the percentage of each type of energy present when a...
Describe the types of energy and the percentage of each type of energy present when a book is falling from a shelf. Include four points in time in your answer: 1) The book is at rest on the shelf. 2) The book is falling and is half way between the shelf the and ground. 3) The book is falling and just about to hit the ground. 4) The book is at rest on the ground. Please take the ground as...
The net present value (NPV) method estimates how much a potential project will contribute to ____...
The net present value (NPV) method estimates how much a potential project will contribute to ____ and it is the best selection criterion. The _____ the NPV, the more value the project adds; and added value means a ____ stock price. CFt is the expected cash flow at Time t, r is the project's risk-adjusted cost of capital, and N is its life, and cash outflows are treated as negative cash flows. The NPV calculation assumes that cash inflows can...
BridgeRock is a major manufacturer of tires in the U.S.. The company had five manufacturing facilities...
BridgeRock is a major manufacturer of tires in the U.S.. The company had five manufacturing facilities where tires were made and another 20 facilities for various components and materials used in tires. Each manufacturing facility produced 10,000 tires every hour. Quality had always been emphasized at BridgeRock, but lately quality was a bigger issue because of recent fatal accidents involving tires made by other manufacturers due to tread separation. All tire manufacturers were under pressure to ensure problems did not...
The airline negotiations: A potential joint venture that did not get off the ground The grand...
The airline negotiations: A potential joint venture that did not get off the ground The grand vision The context for this case study was that the airline industry was seeking to recover from 9/11, the Sars outbreak and general uncertainty surrounding the Middle East. One industry response to these challenges was to look for opportunities to rationalise and grow through alliances. European airline was seeking to develop a position in the growing China market. At the same time, an Asian...
Economic inequality is a huge issue. A recent study found that the world’s 80 wealthiest individuals...
Economic inequality is a huge issue. A recent study found that the world’s 80 wealthiest individuals own as much as the entire world’s poorest 3.5 billion people. The richest 1 percent of the world’s population control half of the world’s total wealth. Many individuals, corporations, charities, and government agencies have projects and programs in place to attempt to tackle this and other important global issues such as sustainability, but there are many opportunities to do more. A grassroots group of...
Financial Reporting and Analysis Assignment #1 Q1. What is IFRS? ? What is the IASB? ?...
Financial Reporting and Analysis Assignment #1 Q1. What is IFRS? ? What is the IASB? ? How widespread is the adoption of IFRS around the world? ? What is the possibility of the Securities and Exchange Commission substituting IFRS for GAAP? ? What are the advantages of converting to IFRS? ? What could be the disadvantages of converting to IFRS? ? What is the difference between convergence and adoption? ? When comparing IFRS and GAAP, what are some overall key...
The employer publishes the South Texas Clarion daily newspaper, employing 726 carriers on 780 routes through...
The employer publishes the South Texas Clarion daily newspaper, employing 726 carriers on 780 routes through the rural Rio Grande river valley. In addition to the Clarion, the carriers deliver seven other newspapers e.g., The Wall Street Journal. The employer operates four distribution centers (warehouses) where carriers pick up the papers to take on their routes. Each distribution center has general manager and several "District Managers" who supervise the work of 30-50 carriers. A few carriers work multiple routes. In...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT