Explain the Importance of Decision Making for Managers at Each

question 35

Essay

Explain the importance of decision making for managers at each of the three primary organisation levels along with the associated decision characteristics.

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Definitions:

Pull Manufacturing

A manufacturing approach that relies on demand to pull products through the production process, as opposed to producing goods in anticipation of demand.

Estimated Customer Demand

An approximation of the quantity of a product or service that customers will purchase in the foreseeable future.

Lean Environment

An approach to management that focuses on reducing waste and optimizing processes to achieve more efficient operations.

Customer Orders

Requests placed by customers to purchase goods or services from a business.