Which of the following is NOT a typical strategy for firms to obtain benchmarking data about other companies?
A) Discussing sourcing strategies with colleagues at business association meetings
B) Hiring former employees from other companies and assessing their knowledge
C) Utilizing resources from the Center for Advanced Purchasing Studies
D) Collecting published trade information on benchmarking studies

Question

Quizplus · Accepted Answer

Hiring former employees from other companies and assessing their knowledge is not a typical strategy for firms to obtain benchmarking data about other companies. This is because most companies have policies that prohibit former employees from sharing confidential information with their new employers. The other options, discussing sourcing strategies with colleagues at business association meetings, utilizing resources from the Center for Advanced Purchasing Studies, and collecting published trade information on benchmarking studies are all common strategies for obtaining benchmarking data.

Which of the Following Is NOT a Typical Strategy for Firms