Question: Benchmarking is: Question 6 5 Answer a . A system of performance metrics that seeks to motivate suppliers to perform better. b . A practice

Benchmarking is:
Question 65 Answer
a.
A system of performance metrics that seeks to motivate suppliers to perform better.
b.
A practice where companies attempt to learn and apply the best practices of other companies.
c.
A system of marking defective inbound inventory so it can quickly be identified for return to the supplier.
d.
A program where suppliers compete for contracts, but those companies who are outbid are provided advice for winning future contracts.

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