Sanjay has business colleagues on the Slashdot.org technology forum.He is interested in how they may have implemented supply chain management systems using radio frequency identification. Sanjay is identifying improvement opportunities through _____.
A)Duration analysis
B)Outcome analysis
C)Activity-Based Costing
D)Informal Benchmarking
E)Root Cause analysis

Question

Quizplus · Accepted Answer

Informal Benchmarking involves learning from the experiences of other businesses and identifying improvement opportunities by observing how they have solved similar problems. In this case, Sanjay is seeking out information from his colleagues on a technology forum to learn how they have implemented supply chain management systems using radio frequency identification. This is an example of informal benchmarking.

Sanjay Has Business Colleagues on the Slashdot