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Efficient and Effective Supply Processes Are Needed Because Of

question 4

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Efficient and effective supply processes are needed because of:


Definitions:

Return On Investment

A financial metric used to measure the efficiency of an investment by comparing the gain (or loss) from an investment to its cost.

Training

The act of enhancing the knowledge, skills, and competencies of an individual or group for a specific purpose, such as improving performance in current or future roles.

Organizations

Groups of individuals working together towards common goals, structured to coordinate their activities.

Effort/Anxiety Curve

A conceptual framework illustrating the relationship between an individual's level of effort and anxiety, affecting their performance.

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