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English definition of “benchmark”

benchmark

verb
 
 
/ˈbenʃmɑːk/
[T] to measure the quality of something by comparing it with something else of an accepted standard: Being able to benchmark performance is very important for new companies. The European Parliament has launched a programme to benchmark employment laws across the EU.
[I or T] to use something as a standard in order to improve your own work, products, or processes: benchmark (sb/sth) against sth The company continues to benchmark against the competition. The results allow the company to benchmark itself against other organizations and identify areas for improvement.
[T] IT to test the quality and speed of computer software or hardware (= equipment or electronic parts): Benchmark the speed of your computer.
(Definition of benchmark verb from the Cambridge Business English Dictionary © Cambridge University Press)
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