Benchmarking

Benchmarking is simply the practice of finding someone who does something well and using it as a reference to set the bar for improvement. This can be done within the same industry (i.e. comparisons to competitors), or in other industries to spur revolutionary thinking. One frequently overlooked opportunity for benchmarking Read more…

Anomaly

An anomaly is a condition outside of the expected range. Generally, an anomaly has an unusual or unexplained circumstance around it. An explainable spike in a pressure gauge is not an anomaly. Car tire pressure rising after driving isn’t an anomaly. An unexpected, temporary increase would be. If one tire Read more…