Benchmarking Is

Multiple Choice

Benchmarking is:

A) A system of performance metrics that seeks to motivate suppliers to perform better.
B) A practice where companies attempt to learn and apply the best practices of other companies.
C) A system of marking defective inbound inventory so it can quickly be identified for return to the supplier.
D) A program where suppliers compete for contracts,but those companies who are outbid are provided advice for winning future contracts