Which of the following techniques can be used to measure purchasing performance?
A) Benchmarking.
B) Suggestion schemes.
C) Teambuilding.
D) Psychometric testing.

Question

Which of the following techniques can be used to measure purchasing performance? 
A) Benchmarking. 
B) Suggestion schemes. 
C) Teambuilding. 
D) Psychometric testing.

Quizplus · Accepted Answer

Benchmarking is the technique used to measure purchasing performance by comparing the purchasing functions of a company with that of other companies in the same industry. This helps to identify the strengths and weaknesses of the purchasing process and helps to set benchmarks for improvement. Suggestion schemes and team-building are more focused on improving the overall functioning of the purchasing department rather than measuring its performance. Psychometric testing is used to assess the personality, ability, and values of individuals and may not be directly relevant to measuring purchasing performance.

Which of the Following Techniques Can Be Used to Measure