Benchmarking: The way of success in pharma industry
Department of Pharmaceutical Quality Assurance, Pioneer Pharmacy Degree College, Sayajipura, Vadodara-390019, Gujarat, India.
Review
International Journal of Life Science Research Archive, 2022, 02(02), 064–074.
Article DOI: 10.53771/ijlsra.2022.2.2.0038
Publication history:
Received on 22 March 2022; revised on 27 April 2022; accepted on 29 April 2022
Abstract:
Benchmarking in industrial companies provides benefits which increased customer satisfaction, productivity, quality, market performance, industrial competitiveness and implementation of continuous improvement. Benchmarking as a tool helps the company to position themselves in the market. Benchmarking, in current times occupies an important place and help in quality enhancement. Benchmarking as a basic of competitive positioning and share an important and valuable information from managerial personnel. This review article includes introduction and history of benchmarking, various types of benchmarking, different phases of benchmarking, process of benchmarking, various approaches of benchmarking, benefits, advantages and disadvantages of benchmarking, what are the cost of benchmarking and application of benchmarking.
Keywords:
Benchmarking; Quality; Benefits; Improvement
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