You have been given the transformation process flow in the image that follows, which moves from "raw materials" to the "final product" for a product / service. (Identify framework followed, if any, unless otherwise specified). If you need to see a larger version, access the image file here: Transformation Process Flow Image Set some values for the steps in the process flow with time, cost and value at each step and overall process.

• Translate that into the bottom line of the product or service offering i.e. % profit margins vs % total costs.
• Identify one / two areas from the flow for potential improvement in cost, value or time. Explain briefly how you could improve.
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Raw Materials Cost- Value - Time- + Manufacturing Cost- Value. Time- + Grinding Cost- Value. Time- Polishing Cost- Value. Time- Packaging Cost- Value - Time. Shipping Cost- Value - Time - customer Total Cost- Total Value - Total Time -