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The Goal of a Knowledge Management System (Or KMS) Is

question 6

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The goal of a knowledge management system (or KMS) is to tap into the knowledge of the individual and the organization and disseminate it throughout the firm to derive operational and market improvements.

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Definitions:

Revenue-Cost Savings Connection

The relationship between an organization’s efforts to reduce costs and how these efforts impact its revenue, emphasizing efficiency.

Performance Metrics

Quantitative measures used to assess, compare, and track the performance or efficiency of different operations, processes, or systems.

Employees

Individuals who are hired by a company to perform tasks and duties in exchange for compensation, playing a crucial role in organizational success.

Supply Chain Metrics

Quantitative measures used to assess the efficiency and effectiveness of supply chain operations, including lead times, inventory levels, and order accuracy.

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