Business Process - correct answer ✔✔a documented series of activities that when completed properly
will effectively and efficiently turn inputs (materials, equipment and labor) into valuable
products/services
Relationship between business process & supply chain, importance of business process - correct answer
✔✔Supply chains are essentially interconnected and independent business processes.
If you have a good business process, your company will be more efficient
Three requirements of a good process - correct answer ✔✔GOOD INTENTIONS: Goal Oriented,
Stakeholders considered, Effective and Efficient, Outputs are desired
REPRODUCIBLE RESULTS: Documented and Easily Understood. Adaptability.
MEASURABLE AND MANAGEABLE: Entire system considered. Accountability, good metrics, easy to
identify problems.
Common reasons for bad processes - correct answer ✔✔NEVER WAS GOOD
-miscommunication: New employees do not understand goals
LIMITATIONS
- Development of poor or limited processes: May result in limited capacity, inefficiency, confusion...
-lack of appropriate tools & technology
cow path theory - story and lessons - correct answer ✔✔cow is the employee
cow needs to drink the water because that's what the customer wants and he runs into obstacles, but
gets to the water.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.