Benchmarking is the process of comparing the cost, cycle time, productivity, or quality of a specific process or method to that of similar companies. The aim is to find the industry standard or best practice, as well as to demonstrate to investors how well their company is performing in key areas.
Glossary
Benzene
Benzene is a colourless liquid used in production of many chemicals including polystyrene. It is a volatile hydrocarbon which can be extracted from coal but since 1950 is mainly extracted from crude oil. It is toxic and a known carcinogen, so there are strict controls on benzene emissions.
Benzol
See benzene.