Examlex
Which of the following is a duty that typically cannot be delegated to a third party?
Supply Metrics
Measures and data used to assess the efficiency and effectiveness of a supply chain, including lead time, inventory levels, and order accuracy.
Efficiency
The ratio of useful output to total input, used to measure the effectiveness of a system, process, or machine in utilizing resources.
Effectiveness
The degree to which objectives are achieved and the extent to which targeted problems are solved.
Performance Benchmarking
The practice of measuring an organization's performance against industry standards or best practices to identify areas for improvement.
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