ARA RENTAL MARKET METRICS PDF HOW TO

In the process of best practice benchmarking, management identifies the best firms in their industry, or in another industry where similar processes exist, and compares the results and processes of those studied (the 'targets') to one's own results and processes.

In project management benchmarking can also support the selection, planning and delivery of projects. Benchmarking may be a one-off event, but is often treated as a continuous process in which organizations continually seek to improve their practices.

ARA RENTAL MARKET METRICS PDF HOW TO

This then allows organizations to develop plans on how to make improvements or adapt specific best practices, usually with the aim of increasing some aspect of performance. ДЄlso referred to as 'best practice benchmarking' or 'process benchmarking', this process is used in management in which organizations evaluate various aspects of their processes in relation to best-practice companies' processes, usually within a peer group defined for the purposes of comparison. Dimensions typically measured are quality, time and cost.Д«enchmarking is used to measure performance using a specific indicator (cost per unit of measure, productivity per unit of measure, cycle time of x per unit of measure or defects per unit of measure) resulting in a metric of performance that is then compared to others.

For other uses, see Benchmark (disambiguation).Д«enchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. For the geolocating activity, see Benchmarking (geolocating).

Ara rental market metrics pdf