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Describe how benchmarking can be used by a firm

Assignment Help Supply Chain Management
Reference no: EM131952338

Question: 1. In the context of benchmarking, describe the distinction between an initiator firm and a target firm.

2. Describe how benchmarking can be used by a firm to validate externally the value of its present business practices.

3. Describe the concept of process benchmarking. How does process benchmarking improve a company's overall business performance?

4. Is the growing popularity of the Internet a positive development or a negative development for the future of benchmarking? Explain your answer.

Reference no: EM131952338

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