Briefly Outline the Steps to Be Followed in Evaluating and Improving

question 71

Essay

Briefly outline the steps to be followed in evaluating and improving a process using value stream mapping.

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Definitions:

Net Working Capital Turnover

A ratio that measures how effectively a company utilizes its net working capital to support sales.

Return on Equity

A financial ratio that measures the profitability of a company in relation to the shareholder's equity.

Profit Margin

A financial metric that measures the extent to which a company or a business activity makes money, expressed as a percentage of sales revenues.