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Benchmarking
In order to improve processes quality, management keeps records and evaluates processes based on these records. This type of recordkeeping is considered benchmarking. Benchmarking allows an organization to analyze variances for different types of processes. Benchmarking can also be used to improve in a continual improvement process. In this discussion, you will explore how benchmarking can be used for strategic planning.Respond to the following:How can benchmarking be used as part of a process improvement procedure in strategic planning?
What are the disadvantages of benchmarking?
Would benchmarking work in all types of organizations? Why or why not?
How would you explain to workers who were resistant to engaging in benchmarking that their assistance and inputs are needed for the benchmarking effort to be successful?
Do you believe that benchmarking can lead to a competitive advantage for the organization, or does benchmarking simply allow an organization to "catch up" to the organization's competition?
Select an organization with which all of your classmates would be familiar. Select a process in which your selected organization engages on a regular basis. Describe a company that would be considered a "leader" in the business process that you have selected. How can your chosen organization learn from the leader in this business process and improve its own performance on the process that you selected?
Illustrate what is the optimal total ordering cost per year vs. illustrate what is which cost with the current policy. Explain how would you Conclude whether the Store management should continue with this policy or not.
After a number of complaints about its directory assistance, a telephone company examined samples of calls to determine the frequency of wrong numbers given to callers
write a six to seven 6-7 page paper in which you1. evaluate lenscrafters operations strategy and explain how the
What is the best decision based on an expected monetary value criterion, The product design group of Flores Electric Supplies, Inc., has determined that it needs to design a new series of switches. It must decide on one of three design strategies
Discuss what you think will happen to supply, demand also price of the product in the long-term. Explain why you think supply, demand, or equilibrium price will be different, if at all, in the short-term also the long-term. "
The diameter of a machined cylinder is 3 inches but can be as large as 3.03 inches and as small as 2.97 inches. If the process has a grand mean of 3.01 inches and a standard deviation of 0.02 inches. What is the probability of producing bad cylind..
Some companies have MySpace pages where employees can mingle and share ideas and information. Do you think this practice is a good idea? Why or why not?
Why would businesses like your chosen global beverage company require the central management of all of these various currencies by a central authority like the International Monetary Fund?
What are the distinctions among procedural, interactional, and distributive justice? List ways in which you could increase each of these justice perceptions.
What is the total annual purchasing and transportation cost plus expected annualized disruption cost for option 1? What is the total annual purchasing and transportation cost plus expected annualized disruption cost for option 2?
Discuss the organisational fit of the procurement function within three different cases - A project based organisation with project-based procurement
List the strategic objectives of aggregate planning. Which one of these is most often addressed by the quantitative techniques of aggregate planning?
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