Describes a new approach to best practice benchmarking called rapid benchmarking developed by Fonterra, New Zealand's largest dairy company, using the TRADE Best Practice Benchmarking Methodology. Rapid benchmarking is defined as an approach to dramatically shorten the typical length of time to conduct a successful best practice benchmarking project. The rapid benchmarking approach enables best…

BPIR Categories

14.2.1 Develop benchmarking capabilities
14.2.4 Conduct best practice/ process benchmarking
15.6.14 Benchmarking/performance measurement/survey design

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