Implementation of Benchmarking Concept in Manufacturing Industry of Bangladesh

Implementation of Benchmarking Concept in Manufacturing Industry of Bangladesh

Nesha Ashraf Un

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University of Chittagong

Implementation of Benchmarking Concept in Manufacturing Industry of Bangladesh

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Abstract

Customers nowadays constantly demand for higher quality, shorter lead times and customization of products at a competitive price. Benchmarking might be a way of measuring a firm’s strategies and performance against “best-in-class” firms both inside and outside the industry. The purpose of this paper is to investigate the implementation of benchmarking concept in the manufacturing companies in Bangladesh. Existing literatures and some real life examples of benchmarking implementation in different companies are using for the further study. Study found that seven major stages of the benchmarking process independently pay attention to a specific area, which will add value to the process. Various opportunities like benchmarking opens up organizations to new methods, ideas, and tools to improve their effectiveness for help to solve the problems within organizations. Direction and recommendation for implementation of benchmarking are also given.

References

21 Cites in Article

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Nesha Ashraf Un. 2018. \u201cImplementation of Benchmarking Concept in Manufacturing Industry of Bangladesh\u201d. Global Journal of Management and Business Research - A: Administration & Management GJMBR-A Volume 18 (GJMBR Volume 18 Issue A4).

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GJMBR Volume 18 Issue A4

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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Classification

GJMBR-A Classification JEL Code: L60

Submission ReceivedDecember 13, 2017
Peer Review Double Blind
Handling Editor
Accepted January 1, 2018
Published January 15, 2018

Version of record

v1.2

Issue date

May 3, 2018

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Article Matrices

Total Score: 101

Country: Bangladesh

Subject: Global Journal of Management and Business Research - A: Administration & Management

Authors: Nesha Ashraf Un (PhD/Dr. count: 0)

View Count (all-time): 170

Total Views (Real + Logic): 3123

Total Downloads (simulated): 1540

Publish Date: 2018 05, Thu

Monthly Totals (Real + Logic):

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Total Views: 3123

Total Downloads: 1540

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