Examlex
The term "modernization":
Supply Chain
A network between a company and its suppliers to produce and distribute a specific product to the final buyer, involving the flow of materials, information, and finances.
Efficiency
The degree to which an organization or process accomplishes its intended goals with a minimum of waste, expense, or unnecessary effort.
Responsiveness
The ability of a company to quickly adapt to changes in market conditions or demand.
Metric
A standard of measurement used to quantify performance, effectiveness, or efficiency in certain areas or processes.
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