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FIGURE 15-1 What is the arrow pointing to in Figure 15-1 above?
Process Redesign
A method of improving business processes by analyzing and reengineering them for enhanced efficiency, effectiveness, and flexibility.
Dramatic Improvements
Significant positive changes or enhancements, often surpassing expectations.
Fundamental Rethinking
A profound reassessment of organizational processes and strategies to achieve dramatic improvements in performance.
Flexible Manufacturing System
An automated production system that can be quickly adapted to manufacture different products.
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