The phrase ‘best in class’ is typically used as part of benchmarking to describe a standard of performance associated with the best performing organisations or best practice in a relevant sector or business. The identification of what is best in class performance and which organisations represent best practice requires access to third parties such as consultancies or benchmarking intermediaries with access to relevant indicators and multiple datasets. See also Benchmarking.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
