In Designing a New Process, Two Fundamentals Actions Are Possible

question 8

True/False

In designing a new process, two fundamentals actions are possible: keep role resources and change process structure.

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Definitions:

Preparing Operation

The process of getting equipment, systems, or procedures ready for use or execution in a business context.

Production

The process of creating goods and services through the combination of labor, materials, and technology.

Lead Time Reduction

A strategy aimed at reducing the time taken from initiating a process to its completion, often used to enhance operational efficiency.

Cost-Saving

A reduction in expenses that increases net income and cash flow, which can be achieved through various methods like improving efficiency or negotiating better terms with suppliers.