Question: ( Chapter 4 ) Benchmarking is: A program where suppliers compete for contracts, but those companies who are outbid are provided advice for winning future

(Chapter 4) Benchmarking is:
A program where suppliers compete for contracts, but those companies who are outbid are provided advice for winning future contracts
A system of marking defective inbound inventory so it can quickly be identified for return to the supplier.
A practice where companies attempt to learn and apply the best practices of other companies.
A system of performance metrics that seeks to motivate suppliers to perform better.
(Chapter 4) Benchmarking is: A program where suppliers compete for contracts,

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