Purchasing Officer Question:

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Tell me what is benchmarking?

Purchasing Officer Interview Question
Purchasing Officer Interview Question

Answer:

The continuous process of measuring a company's products, services, costs, and practices against those of competitors or organizations that display "best in class" achievements.

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Tell me is it proper to use term "and/or" in agreements?Which process can be used to determine vendor's price reasonableness when lack of pricing information available?