Published on: Jan, 19, 2011
1) An established norm against which measurements are compared. (APICS 10th ed.)
2) The Internet has transformed supply chain management into something closer to an exact science. However for information to be shared, systems, both hardware and software, must be able to communicate and be compatible so that all supply chain activities can be optimized across company boundaries. Standards promote interoperability and compatibility among operating environments.
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