MGT 521 Week 4 DQ 1

Benchmarking can be effectively used to achieve competitive advantage by comparing one organization practices, processes and products with another organization in the same or similar industry to try and make the organization better or even to utilize various practices from one organization and use them to improve another. An organization needs strong strategic focus and flexibility in order for benchmarking to be effective also.   Benchmarking can be done to reevaluate an organizations supply chain operations identifying improvements or eliminate deficiencies in productivity, inventory, shipping, and storage
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