1. Benchmarking
(Inventory Management Report, no author listed, 2003) Even with the popularity of this tool, a seasoned manager will tell you that there is no silver bullet when it comes to improving the performance of and organization or department. ... Once an area has been chosen to benchmark, the team must evaluate and decide upon key performance indicators that will assess the merits of the existing target versus potential best practices of others. ... One or more organizations must be chosen to which the team will attempt to tailor the existing area of improvement. ... The metrics chosen will illust...
- Word Count: 3050
- Approx Pages: 12
- Has Bibliography