Fill in the Blank(s)

question 46

Short Answer

Fill in the Blank(s)
-___________is the process of systematically evaluating the company's operating network, suppliers, customers, and product offerings to find and eliminate inefficiencies and redundancies.

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Definitions:

Establishing

The process of setting up or founding something, such as a new business, system, or set of rules.

Replenishing

The act of refilling or restocking to maintain an adequate level of supplies or inventory.

Voucher System

A control mechanism in accounting that uses vouchers as evidence for transactions before they are posted to accounts, enhancing financial accuracy and integrity.

Prenumbered Voucher

A control mechanism used in accounting to ensure that all transactions are recorded and processed in a sequential manner, mitigating errors and fraud.