Benchmarking is the process of comparing maintenance performance metrics and practices against industry standards or best-in-class organizations. It is used to identify areas for improvement and measure progress over time. Benchmarking involves analyzing the performance of competitors, industry peers, and other organizations to identify areas for improvement and develop strategies to improve performance. It can also be used to compare the performance of different departments within an organization. Benchmarking is an important tool for maintenance operations and management, as it helps to identify areas for improvement and develop strategies to improve performance.
