Examlex
Which of the following is a logistics activity that involves developing and implementing a process to ensure the firm always has sufficient goods available to meet customers' demands, no more and no less?
Process Value Analysis
An analytical technique used to identify and eliminate unnecessary steps in a process or system, aiming to improve efficiency and reduce costs.
Value Chain Analysis
A method for analyzing a company's activities to improve its competitive position by identifying and optimizing the value-generating elements.
Workflow
The series of industrial, administrative, or different procedures a workpiece goes through from its beginning to its end.
Work Process
The sequence of tasks or activities that are carried out in order to achieve a specific outcome or product.
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