A purchasing and supply chain performance measurement and management system should directly support corporate goals and objectives A measurement system that directs behavior and activity away from those goals and objectives is counterproductive and can cause greater harm than good Effective performance measurement systems have certain characteristics Select three characteristics and discuss why a measure should possess that characteristic Why is it sometimes advantageous to benchmark performance against a non competitor PLEASE ANSWER THIS QUESTION IN YOUR WORDS

The Answer is in the image, click to view ...

Question: A purchasing and supply chain performance measurement and management system should directly support corporate goals and objectives. A measurement system that directs behavior and activity

A purchasing and supply chain performance measurement and management system should directly support corporate goals and objectives. A measurement system that directs behavior and activity away from those goals and objectives is counterproductive and can cause greater harm than good.

Effective performance measurement systems have certain characteristics. Select three characteristics and discuss why a measure should possess that characteristic.
Why is it sometimes advantageous to benchmark performance against a non-competitor?

PLEASE ANSWER THIS QUESTION IN YOUR WORDS.......

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

In the Intro to Purchasing and Supply Chain reading, Page 6, Figure 1-2, there is a comparison of Traditional Purchasing versus the Current Outlook. Provide three reasons why the Current Outlook is...

Hide Folder Information Instructions A purchasing and supply chain performance measurement and management system should directly support corporate goals and objectives. A measurement system that...

please answer question 2-41 a. why would Infosys company find the balance scorecard important for managing its growth? and monitoring performance? b. what customer measures would you recommend the...

Please help answer question number 2-41. What are the steps to making a balance score card ( loan volume) 35 ( 6 processes meeting quality certification standards) (4) People (meeting diversity goals...

help me please question 1 Time Value of Money - A key financial principle stating that a dollar today is worth more than a dollar tomorrow. The present value of money is the value today of a cash...

ACHE HEALTHCARE EXECUTIVE 2016 COMPETENCIES ASSESSMENT TOOL T he American College of Healthcare Executives Healthcare Executive Competencies Assessment Tool is offered as an instrument for healthcare...

Questions: Assume a period of time has passed. Can you Assess your communication/education plan. Has the plan been implemented as specified? Have the objectives of the plan been achieved? How have...

A share of stock trades at $196 and has a P/E ratio of 23. calculate What are earnings per share (EPS)?

The following factors are taken from the compound interest tables for the same number of time periods and/or cash flows for the same interest rate: a. 8.137249 b. 50.980352 c. 6.265060 d. 7.142168 e....

Please help with the statements Show all images Show all images Show all images done loading

Which of the following are true? If false, explain briefly. a) A very high P-value is strong evidence that the null hypothesis is false. b) A very low P-value proves that the null hypothesis is...

What are the major differences between financial and managerial accounting?

As in Exercise 1, for each of the following situations, define the parameter and write the null and alternative hypotheses in terms of parameter values. a) Seat-belt compliance in Massachusetts was...

A nutrition lab tested 40 hot dogs to see if their mean sodium content was less than the 325-mg upper limit set by regulations for "reduced sodium" franks. The lab failed to reject the hypothesis...

Companies such as CIBC have developed a detailed code of conduct for their employees and often make this information publicly available by providing a copy of the code online. For example, the CIBC...

Design a minimum-mass symmetric three-bar truss (the area of member 1 and that of member 3 are the same) to support a load P, as was shown in Fig. 2.9. The following notation may be used: Pu = P cos...

25. Credit Analysis. Look back at the previous problem, but now suppose that if a customer defaults on a payment, you can eventually collect about half the amount owed to you. Will you be more or...

8. Merger Gains and Costs. Velcro Saddles is contemplating the acquisition of Pogo Ski Sticks, Inc. The values of the two companies as separate entities are $20 million and $10 million, respectively....

9. Stock versus Cash Offers. Suppose that instead of making a cash offer as in Practice Problem 8, Velcro Saddles considers offering Pogo shareholders a 50% holding in Velcro Saddles. (LO2) a. What...