When general mills sought ideas on how to reduce the time to convert its production lines from one cereal to another, it sent a team to observe the pit crews at the indianapolis 500 race. this is an example of:?

Benchmarking is a method of comparing a company’s business processes and performance metrics to other company’s best practices. When General Mills sent a team to observe Indianapolis’ 500 race, it seeks to study the business process that the company operates in order to achieve its goals of reducing the cereal-making processes. They can attain this objective by studying Indianapolis 500’s technology, labor force, operational principles, and other aspects that General Mills’ team can observe.

ayfat23 ayfat23 · Answer 2 · 2022-04-12T10:42:23+02:00

An example of Benchmarking is when general mills sought ideas on how to reduce the time to convert its production lines from one cereal to another.

What is Benchmarking?

Benchmarking can be regarded as the process which involves the of measuring of key business metrics as well as practices.

It helps to understand how to work against a competitor and to know when the organization needs is due to changes.

Learn more about Benchmarking at,:

https://brainly.com/question/226804