BUISENESS MANAGEMENT
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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measuring tool to calculate the level of stock turnover
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measurement tool to measure the level of customer satisfaction on the availability of parts when needed
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efforts are made to always make improvement gaps from what has been achieved
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activities to report on the performance that we have achieved
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Detailed explanation-1: -Continuous improvement, sometimes called continual improvement, is the ongoing improvement of products, services or processes through incremental and breakthrough improvements. These efforts can seek “incremental” improvement over time or “breakthrough” improvement all at once.
Detailed explanation-2: -A continuous improvement strategy is any policy or process within a workplace that helps keep the focus on improving the way things are done on a regular basis. This could be through regular incremental improvements or by focusing on achieving large scale process improvements.
Detailed explanation-3: -The Continuous Improvement Process (CIP) is an ongoing effort to improve products, services, or processes. It’s a six-step systematic approach to plan, sequence, and implement improvement efforts using data and elaborates on the Shewhart Cycle (Plan, Do, Study Act).
Detailed explanation-4: -Continuous process improvement tools are as below: The Deming Cycle, also known as PDCA, is a 4 step process improvement technique. The 4 steps are to plan, do, check, and act. Process management software: Digital processes and software can be created to ensure that process improvements work successfully.