Remove Evaluation Remove Supplier Negotiation Remove Total Cost of Ownership
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Benchmarking in Procurement: The Key to Maximising Business Value

Oxford College of Procurement and Supply

But how do you determine whether your suppliers are truly offering the best value? The Oxford English Dictionary defines benchmarking as: Evaluating (something) by comparison with a standard. Enhances competitiveness Ensures organisations stay ahead in supplier negotiations. The answer lies in benchmarking.