Final answer:
Benchmark Audits help focus on benchmarking standards by comparing an organization's performance against industry best practices or established standards to identify areas for improvement.
Step-by-step explanation:
The tool that helps focus on benchmarking standards is Benchmark Audits. Benchmark audits involve comparing an organization's performance against industry best practices or established standards to identify areas for improvement. This process helps organizations evaluate their performance and set goals to enhance efficiency and effectiveness.
For example, a manufacturing company may conduct benchmark audits to compare their production cycle time, quality control, and inventory management with industry leaders. By analysing the gaps between their performance and industry standards, they can identify opportunities for improvement and implement strategies to narrow the gaps.