The production benchmarks reported on p. 6 of each year's Footwear Industry Report
is of value only to companies striving to produce branded footwear at lower costs than rivals and can see how their costs stack up against the industry low values on p. 6.
is of limited value to company managers in making production-related decisions for the next decision round because there are no benchmarks for total materials costs, best practices training, or base wages.
is of very limited value to company managers in making production-related decisions for the next decision round because it does not reveal the names of the companies that have the industry-low and industry-high values in each geographic region.
always merit close examination because the industry-low, industry-average, and industry- high values enable company managers to check whether they are managing total compensation, workforce productivity, production labor costs, total production costs per pair produced, and reject rates as cost-efficiently as rival companies.
is of little value to companies producing branded footwear with above average S/Q ratings (especially 6-stars or higher) because such companies will always have above-average usage of superior materials, higher production labor costs per pair produced, and higher reject rates.

The production benchmarks reported on p. 6 of each year's Footwear Industry Report is of value only to companies striving to produce branded footwear at lower costs than rivals and can see how their costs stack up against the industry low values on p. 6. Therefore, the first option is correct answer for this question.

The regulation of business procedures to achieve the best level of productivity within an organisation is known as operations management (OM). It focuses on maximising an organization's profit by effectively turning resources like labour and materials into products and services. To generate the largest net operating profit, operations-management teams strive to balance costs and revenues.

In the given question, Information provided in Footwear Industry report, page 6 provides valuable feedback to managers in determining the degree to which their company’s costs for the benchmarked cost categories are competitive with those of rival companies / or whether operating profits for the selected items are adequately competitive against competitors's prices. Therefore, first option is the required answer.

Learn more about Operations Management here: https://brainly.com/question/28623776

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