Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. It is used to measure performance using a specific indicator or indicators resulting in a metric of performance that is then compared to others to assess how well or how poorly a company is performing. This is sometimes referred to as “best practice benchmarking” or “process benchmarking”. Management uses this process to evaluate various aspects […]
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Author Archive for Mark Sen Gupta
An oil depot is an especially hazardous form of warehouse. The standards and processes involved to ensure safety in these facilities may be too onerous for many industries. Nevertheless, understanding the most rigorous safety processes, and being able to appropriately adopt them to less hazardous facilities, is a worthwhile exercise. This article examines facility safety and lessons learned from the Buncefield Oil Storage Depot fires.
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