Discuss the operations depicted in the following two figures. Contrast the operation on the left with the one on the right with a view to their effects on the money supply.
Definitions:
Workforce Planning
The strategic process of analyzing current workforce capabilities and determining future workforce requirements to meet organizational goals.
Deming
Refers to W. Edwards Deming, an American engineer and statistician known for his work in quality management and process improvement.
Quality
The degree to which a product, service, or process meets specified standards or fulfills customer requirements.
Money's Worth
The value received for the amount of money spent.
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