Benchmarking is defined as a …

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performance metrics system that seeks to motivate suppliers to perform better.

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practice where organisations attempt to learn and apply the best practices of other organisations.

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program where suppliers compete for contracts, and those not selected receive best practices based on the winning supplier’s approach, enabling them to enhance their processes.

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system for quickly identifying defective systems to implement supplier development processes.

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Benchmarking is defined as a …

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