Explain what are the three types of performance benchmarking? Which type is most commonly used by the purchasing function.

1. What are the three types of performance benchmarking? Which type is most commonly used by the purchasing function?

2.  What is the benefit of developing performance measures that focus on cost versus purchase price?

3.  What are some ways that procurement can add value instead of the traditional rationalization of costs?

There is No word count preference for each.

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