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Glossary

Get Your Maintenance Management Terminology Down!

Benchmarking

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.

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Our Blogs

With a quick Google search for “preventive maintenance software,” you’ll quickly find ...

23 Nov 2023

US manufacturing is making a coming back. McKinsey's research reported that, by ...

16 Nov 2023

Traditionally, maintenance tasks were often managed using paper-and-pen, relying on ...

15 Nov 2023

Maintenance, Repair, and Overhaul (MRO) ensures the optimal functioning and longevity of ...

10 Nov 2023

From manufacturing plants and healthcare facilities to transportation services, equipment ...

9 Nov 2023

As a maintenance professional, I've witnessed the incredible transformation our industry ...

6 Nov 2023

Maintenance and facility management functions are not just about preserving assets and ...

3 Nov 2023

There is much to consider when purchasing a Computerized Maintenance Management System ...

1 Nov 2023

Introduction Despite the growth in the Computerized Maintenance Management Software ...

26 Oct 2023

Facility management plays an important role in ensuring that organizations' ...

25 Oct 2023