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

Question

Quizplus · Accepted Answer

Purchasing process benchmarking focuses on understanding how an organization achieves its results in purchasing and supply, aiming to identify best practices and improve performance by comparing with other organizations.

Purchasing Process Benchmarking Attempts To