________ Is an Efficient Way to Track and Process Information

question 58

Multiple Choice

________ is an efficient way to track and process information about raw materials used in production.

• A)A just-in-time inventory system
• B)Identifying materials with bar codes or RFID tags
• C)A materials resources planning inventory system
• D)Job-order costing

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Definitions:

Performance Measurement System

A set of metrics used to evaluate and analyze an organization's effectiveness, efficiency, and performance in achieving its objectives.

Strategic Performance Measurement System

A strategic performance measurement system is a framework that organizations use to systematically track, monitor, and evaluate their performance against strategic goals and objectives.

Scorecard Cascading

The process of translating corporate goals and strategies down through various levels of the organization to ensure alignment and focus.

Measure Map

A tool or process used for defining and tracking the key performance indicators (KPIs) or metrics that are critical to the evaluation of success within an organization or process.