Purchasing Officer Question:
Download Questions PDF

Tell me what is benchmarking?

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.

Download Purchasing Officer Interview Questions And Answers PDF

Previous QuestionNext Question
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?