TYPES OF BENCHMARKING

Benchmarking is classified on the basis of the type of partner selected for the benchmarking. The partnership team (or, organization/groups/system/process) may be from the same company or from different organization. Based on the approaches, benchmarking is classified as:
(i) Internal Benchmarking
(ii) Competitive Benchmarking
(iii) Functional Benchmarking
(iv) Generic or Best Practice Benchmarking