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Question 479 - CSCP discussion

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The most appropriate benchmark for an organization to use to evaluate its supply chain management practices is a firm that:

A.
has a global supply chain.
Answers
A.
has a global supply chain.
B.
has a high level of product availability.
Answers
B.
has a high level of product availability.
C.
has driven down its cost, lead times, and late deliveries.
Answers
C.
has driven down its cost, lead times, and late deliveries.
D.
uses electronic data interchange (EDI) for supply chain information sharing.
Answers
D.
uses electronic data interchange (EDI) for supply chain information sharing.
Suggested answer: C

Explanation:

The most appropriate benchmark for evaluating supply chain management practices is a firm that has successfully reduced its costs, lead times, and late deliveries. Such a firm demonstrates effective supply chain efficiency and reliability. Benchmarking against a company that excels in these areas allows an organization to identify best practices, set performance targets, and implement strategies to enhance its own supply chain operations. This focus on cost reduction, timeliness, and reliability directly impacts overall supply chain performance and customer satisfaction.

''Benchmarking Best Practices in Maintenance Management'' by Terry Wireman

APICS Dictionary, 16th Edition

asked 16/09/2024
Silfredo Jimenez Munoz
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