Application of Value Chain Management

question 55

Multiple Choice

Application of Value Chain Management
Glenn is a novice at using value chain management, but realizes that he has to learn more about making it a success and how it is reshaping the office. Glenn has several problems with which he needs help. Here are his perceived needs:
1. comprehensive and seamless integration,
2. new technology,
3. better ways to get work done,
4. vision from people- centered managers, and
5. quality work.
-His second need is/are_____________ .

• A)organizational processes
• B)leadership
• C)technology investment
• D)coordination and collaboration

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Definitions:

Production Shutdown

The temporary or permanent cessation of manufacturing operations, often due to economic downturns or maintenance.

Lean Operations

An approach that aims at reducing waste in manufacturing processes while also enhancing productivity.

Accounting

An information system that provides reports to stakeholders about the economic activities and condition of a business.

Transactions

Economic events that are recorded in the financial statements, involving transfers or exchanges of goods, services, or funds between entities.