Manufacturing Flow Management Is the Key Process That Helps Balance

question 22

True/False

Manufacturing flow management is the key process that helps balance customer demand and the firm's output capabilities.

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Definitions:

Functional Strategy

Functional Strategy involves detailed planning and management of tasks within specific departments or functions of an organization to achieve the broader strategic objectives.

Corporate Strategy

A long-term plan of action designed to achieve a particular goal or set of goals within a corporate entity.

Business Strategy

A plan of action designed to achieve a long-term or overall aim and secure a competitive position in the market.

Functional Strategy

A plan of action developed by a department within an organization to support the overall business strategy and competencies.