04 Jun Question Please answer the following questions: 1. Explain why a two-stage benchmarking
Question
Please answer the following questions:
1. Explain why a two-stage benchmarking methodology that utilizes performance evaluation metrics followed by continuous improvement metrics could be a useful tool for achieving a competitive advantage.
2. Discuss why the inclusion of the second phase, related to continuous improvement, represents a step forward from traditional benchmarking approaches.
3. Evaluate the general adequacy of the major performance criteria used in the AHP article for assessing logistics applied to other types of organizations. Feel free to suggest additions or modifications in the performance criteria if you believe there are inadequacies in the current criteria.
4. Describe the role a 3PL could play in implementing an effective benchmarking approach
Assignment Expectations
The expectations for the assignment are based on the work displaying an in-depth understanding of the role of benchmarking, the metrics that can be used in benchmarking to assess best practices, and how the benchmarking process is integrated into the strategic management effort. It is anticipated that the work will display a critical assessment of the benefits and limitations of the two phases of a double Analytic Hierarchical Process approach to benchmarking. Critical thinking, clarity of logic, and synthesis of the current course materials with previous courses are expected in assessing the relationship of the AHP approach to a continuous process improvement initiative.
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