Question: Benchmarking is: a . A practice where companies attempt to learn and apply the best practices of other companies b . A system of performance

Benchmarking is:
a.
A practice where companies attempt to learn and apply the best practices of other companies
b.
A system of performance metrics that seeks to motivate suppliers to perform better.
c.
A program where suppliers compete for contracts, but those companies who are outbid are provided advice for winning future contracts
d.
A system of marking defective inbound inventory so it can quickly be identified for return to the supplier.

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