Benchmarking definition in operations management

  • What is benchmarking in operations management?

    Benchmarking is a process of measuring the performance of a company's products, services, or processes against those of another business considered to be the best in the industry, aka “best in class.” The point of benchmarking is to identify internal opportunities for improvement.6 days ago.

Planning and operation of energy production and energy consumption units

Energy management includes planning and operation of energy production and energy consumption units as well as energy distribution and storage.
Objectives are resource conservation, climate protection and cost savings, while the users have permanent access to the energy they need.
It is connected closely to environmental management, production management, logistics and other established business functions.
The VDI-Guideline 4602 released a definition which includes the economic dimension: Energy management is the proactive, organized and systematic coordination of procurement, conversion, distribution and use of energy to meet the requirements, taking into account environmental and economic objectives.
It is a systematic endeavor to optimize energy efficiency for specific political, economic, and environmental objectives through Engineering and Management techniques.

Planning and operation of energy production and energy consumption units

Energy management includes planning and operation of energy production and energy consumption units as well as energy distribution and storage.
Objectives are resource conservation, climate protection and cost savings, while the users have permanent access to the energy they need.
It is connected closely to environmental management, production management, logistics and other established business functions.
The VDI-Guideline 4602 released a definition which includes the economic dimension: Energy management is the proactive, organized and systematic coordination of procurement, conversion, distribution and use of energy to meet the requirements, taking into account environmental and economic objectives.
It is a systematic endeavor to optimize energy efficiency for specific political, economic, and environmental objectives through Engineering and Management techniques.

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