Product Suite

Supply Chain Glossary - B

Supply Chain Glossary - B

beginning inventory

A statement of the inventory count at the end of last period, usually from a perpetual inventory record.

The process of measuring the company's products, services, costs, and practices. Two types of benchmarking exist-competitive, a comparison against your industry best, and process, a comparison of a process to the best-in-class. See: competitive benchmarking, performance benchmarking, process benchmarking.


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