Purchasing performance benchmarking attempts to:
A)determine what results have been achieved by purchasing and supply activities.
B)determine how an organization achieves results in purchasing and supply.
C)analyze a firm's own internal trends.
D)provide industrywide standards for overall firm performance.
E)provide baseline metrics to compare companies' supply performance.

Question

Quizplus · Accepted Answer

Purchasing performance benchmarking aims to assess the results achieved by purchasing and supply activities, allowing organizations to compare their performance against industry standards or best practices.

Purchasing Performance Benchmarking Attempts To