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What are Performance Standards in Supply Chain Management? PDF | Download eBooks

Learn Performance Standards definition in supply chain management with explanation to study “What are Performance Standards”. Study performance standards explanation with SCM terms to review supply chain management course for online MBA programs.

Performance Standards Definition:

  • A defined level of performance against which an operation's actual performance is compared; performance standards can be based on historical performance, some arbitrary target performance, the performance of competitors, etc.

    Operations Management by Nigel Slack, Alistair Brandon-Jones, Robert Johnston



Performance Standards Explanation:

Execution gauges furnish the worker with explicit execution desires for each real obligation. They are the detectable practices and activities which clarify how the activity is to be done, in addition to the outcomes that are normal for agreeable occupation execution. The motivation behind execution benchmarks is to convey desires. Remember that great execution commonly includes more than specialized skill. In deciding execution principles and targets, general well being associations and their accomplices can profit by counseling national norms, state-explicit gauges, benchmarks from different locales, or association explicit targets. The presentation benchmarks an association picks ought to mirror the association's vital needs and mission, just as progressively explicit objectives enunciated in reports, for example, the association's well being improvement plan, workforce advancement plan, and quality improvement plan.

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