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Due to day by day competition in the market, the implementation of benchmarking practice is necessary for improving existing internal supply chain management performance of manufacturing industries. The continuous benchmarking practice might be helpful to increase the productivity of middle scale medium enterprises (MSMEs) by reducing the idle time during the flow of raw material/products, funds and information. The objective of this research paper is to provide an overview of benchmarking, benchmarking wheel, benchmarking tool and techniques and its importance through literature review of reputed journals. This concept of benchmarking may be fruitful in the process of gap identification and for improving the performance of internal supply chain management of Indian manufacturing industries., {"references": ["A.E., Jackson, R.R., Safford and W.W., Swart, \"Roadmap to current benchmarking literature\", Journal of Management in Engineering, vol. 10, no. 6, pp. 60-65, 1994.", "S., Kumar and C., Chandra, \"Enhancing the effectiveness of benchmarking in manufacturing organizations\", Industrial Management and Data Systems, vol. 101, no. 2, pp. 80-89, 2001.", "M.M., Yasin, \"The theory and practice of benchmarking: then and now\", Benchmarking: An International Journal, vol. 9, no. 3, pp. 217-243, 2002.", "M., Schefczyk, \"Industrial benchmarking: a case study of performance analysis techniques\", International Journal of Production Economics, vol. 33, no. l, pp. 1-11, 1993.", "H.C., Pfohl and B., Ester, \"Benchmarking for spare parts logistics\", Benchmarking: an International Journal, vol. 6, no. l, pp. 22-39, 1999", "B., Anderson, \"A benchmarking process model - The benchmarking wheel\", Proceedings from the 10th International conference of the Israel society for quality Jerusalem, Israel, 1994.", "R. 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