discussion

What is the purpose of benchmarking and how can benchmarking be used to improve supply chain performance? Give at least one industry example to illustrate your point
please reference textbook

Supply Chain ManagementAuthor: Sunil ChopraISBN: 9780133800579
300-400 words

Solution Preview

Benchmarking is the standard to which something is evaluated or measured. It, therefore, helps companies, businesses, and organizations in discovering the best performance that is being achieved by a competitor or a different industry.

(383 words)