Benchmark firms have driven down costs of supply-chain performance.

Name: Benchmark firms have driven down costs of supply-chain performance.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Benchmarking involves comparing a company's supply chain performance to that of other firms in the same industry or with best practices. This allows for identifying areas of improvement and reducing costs while maintaining or improving performance. Therefore, benchmark firms have helped to drive down costs of supply-chain performance.

Benchmark Firms Have Driven Down Costs of Supply-Chain Performance