According to Stevenson (2021), processes converting inputs into outputs are at the core of operations management and
Question:
According to Stevenson (2021), processes converting inputs into outputs are at the core of operations management and have strategic significance. Among the benefits of creating and using processes, we can mention cost reduction, meeting customers’ expectations, and streamlining business operations. For this discussion, do the following:
1. Identify what a business process is and discuss its benefits and disadvantages.
2. Consider yourself a business owner. Discuss a process for one aspect of your business’s workflow. How many steps are in the process? How many people are in the process?
3. Discuss how initial errors, time sensitivity, or bottlenecks affect your process.
4. Discuss how you would improve the process to reduce the negative issues. Discuss the concepts, principles, and theories.
Management Accounting
ISBN: 9780730369387
4th Edition
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey